QUESTION 5 Christina Aguilera is considering undertaking a 3-year theme park project in Scotland. Christina's foreign project has a beta of 1.45, risk-free return and required return on the market is 5 percent and 12 percent respectively. The cost of debt is 8 percent and corporate tax rate is 40 percent. Christina wishes to finance the project with 60 percent equity and 40 percent debt. Required: Calculate the appropriate weighted average cost of capital for Christina