Omega Company has 100 million shares outstanding. Its current share price $10. The company's secured bonds are trading at 95% of its face value. These bonds pay coupons once per year. The bonds have a total book value of $80 million and the current yield to maturity on the bonds is 10% per annum. The risk-free rate is 6.50% and the market risk premium is 5.00%. Market analysts estimates that Omega has a beta of 1.2. Omega is subject to a corporate tax rate of 35%. What is Omegas weighted average cost of capital (WACC)?