peter's audio shop has a beta of 1.05, the return on the market is 10 percent, and risk- free rate is 3%. The firm has 104,000 shares of common stock outstanding at a market price of $20 a share. The firm has 500 bonds outstanding. The bond issue has a total face value of $500,000 and sells at 102 percent of face value. The bonds carry a 9.2% coupon, pay interest semi- annually, and a mature in 4.5 years. The tax rate is 34%. What is the weighted average cost of capital for peter's audio shop?