Musoma Clean Coal Company (MCCC) generates electricity for both industrial customers as well as consumer households. An investment analyst with a private equity fund which owns some of MCCCs stock needs to estimate the companys weighted average cost of capital. MCCCs chief financial officer told the investment analyst that MCCC will not invest in any project which cannot earn at least a 15% Return on Assets. The company has 3.5 million shares of stock outstanding and these shares are valued at Tzs24.55 per share. The company has a stock beta that is estimated to be 1.84x. Assume the current average expected stock market return is 16.00% and the current TZ. Treasury Bond interest rate in the market is 4.80%. The company also has some bonds outstanding which are trading at Tzs975 per bond, and the company has 195,000 of these bonds outstanding. The bonds have an effective yield to maturity of 8.50%. The company has a marginal income tax rate of 30%. Given this information, what is MCCCs weighted average cost of capital?