Question 7 8 Marks A company has 1,000,000 shares outstanding, and each share is currently worth R20. The shares have beta of 1.2. The company also has 10-year bonds outstanding with a par value of R10,000,000, a coupon rate of 6%, and yield-to-maturity of 7%. The yield on the bonds is currently 2 percentage points above the risk-free rate and 4 percentage points below the expected return on the overall market. Required: 7.1. What is the companys WACC if the corporate tax rate is 35%?