LOL Corporation has 12 million ordinary shares outstanding that are currently priced at $20 each and have a beta of 0.1. The required return on ordinary equity is 10% per annum. The company has 1,500,000 preference shares trading at $8 each. The Face Value of the preference shares is $10 each and the dividend rate is 6% per annum. The company's bonds have a total market value of $12,000,000, they have a coupon rate of 10% p.a. and current yield to maturity is 8% per annum. The risk free rate is 2.5% p.a. and the company tax rate is 30%. What is LOL Corporation's WACC? [Where applicable, show as much working out as possible, otherwise you may be penalised)