C plc is financed by 10 million 1 ordinary shares and 8,000,000 8% redeemable bonds having market values of 1.60 ex div and 90% ex interest respectively. A dividend of 30p has just been paid and future dividends are expected to grow by 5%. The bonds are redeemable at par in five years time. Required If taxation is 30%, calculate the WACC.