Snow Co. is a publicly traded company Istanbul. The firm provides ski supplies for the last 35 years. At the close of 2020 the firms capital structure was as follows:

Bonds	4000
Common Stock	5300
Total	9300

The company plans to keep its debt structure in the future. The pre-tax cost of debt is 10 percent and 12 percent is the cost of common stock. The marginal tax rate for the firm is 35 percent.

A) What is Snow Co.s weighted average cost of capital?