Question $8$

$1$ pts

Spartan Machinery stock trades at $$60$ per share with a beta of $1\mathrm{.}8,$ an estimated market return of $14\%,$ and a risk free rate of $6\%.$ There are $20$ million shares outstanding. The company has bonds with a face value $$1$ billion outstanding and a market value of $$950$ million. The coupon rate is $8\%($semiannual coupons$)$ and there are $15$ years to maturity. The company has a tax rate of $50\%.$ From the question above, what is the WACC?

Please keep at least $3$ decimal places for this question