Orange Ltd. has an outstanding loan of $90 million with a bank, and the interest rate on the loan is 5%. The company has also 100 million ordinary shares outstanding with a current price of $2.1 per share. The Beta of the ordinary share is 1.5, the market risk premium is 7.25% and the risk free rate is 2.5%. Orange Ltd. has a 30% corporate tax rate. a) Compute Orange Ltds weighted average cost of capital (WACC).