Nacho Libre S.A. has 8,000,000 common shares outstanding that trade for $30.00 per share. The company has also issued one bond with a par value of $20,000,000 that currently trades at 105 percent of par. You observe that the company's required return on stock is 13.00 percent and the (after-tax) yield to maturity on its debt is 4.00 percent. What is the weighted average cost of capital?