QUESTION 1) (50 Points) The Tutunamayanlar Corporation's December 31, 2019 balance sheet (book value) included the following information. The Tutunamayanlar Co. Blanace Sheet (all values in millions) ASSETS LIABILITIES & OWNER'S EQUITY Cash and short-term securities $1 $10 Accounts receivable 3 2 Bonds, coupon=8%, paid annually (maturity=10 years, current yield to maturity=9%) Preferred stock (par value $20 per share) Common stock (par value $.10) Additional paid in stockholders' capital Retained earnings Inventories Plant and equipment 6 20 0.1 9.9 8 Total $30 Total $30 The company's common stock are traded in market at $15 and pays $1,5 dividend per shares, the preferred stocks sold in the market at $10 and pays a dividend of $1 per share, the beta of the stock is 0.8, the market risk premium is 10%, the risk-free rate is 5 per cent and the firm's tax rate is 30%, Required: Using information given above calculate the Tutunamayanlar's weighted average cost of capital? (hint: there are 1.000.000 common stocks outstanding)