LipTea incorporated purchases raw materials and has processing plants around the world The firm finances 30% of its assets with debt and 70% with equity, has a 30% average tax rate, and can issue bonds at a pre-tax rate of 7%

Their standard deviation of return is roughly 150 times as great as the market returns, and has a correlation with the market of 045 If the risk-free rate of return is 5% and the expected return on the international market portfolio 14%, what is the firms WACC?

Please only attempt if you can solve the question with a proper explanation. Please do not copy from Chegg.