MBSM currently has long term debt of $$75M$ with an annual coupon or $1110.$ ha $200$ M $)$ ordinary shares outstanding currently valued at $$1\mathrm{.}75$ per share. The company pays corporate income taxes at a rate of $33\%.$ The current yield to maturity on the debt is $13\%.$ Using your answer from part $($iii$)$ above, compute the weighted average cost of capital $($WACC$)$ for MBSM$.$

$(4$ marks$)$