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	2000
Common Stock	4200
Total	6200

The company plans to keep its debt structure in the future. The pre-tax cost of debt is 8 percent and 18 percent is the cost of common stock. The marginal tax rate for the firm is 40 percent.

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