manual procedure and no excel

King Ltd. requires $35 million to fund the coming year's capital projects. King will finance part of its needs with $21 million in common equity. Its common stock sells for $27 per share. Common share dividends have grown at 8% per year over the last four years and this pattern is expected to continue into the foreseeable future. The last annual dividend, just paid, was $1.125 per share. The rest of the needed funds will come from 10-years, $1,000 face value bonds that have a coupon rate of 11%, payable semi-annually and that can be issued for $1,087. The firm's tax rate is 42%. Calculate the weighted average cost of capital of the funds to be used to finance the coming year's capital projects. (Round the annual component returns for equity and debt, as well as the final WACC to the nearest 0.01%, e.g. round 10.239067% to 10.24)