Space Inc. has 9.5 million shares of common stock outstanding. The company just issued a dividend of $12.2 per share on its common stock. The current share price is $540, and the book value per share is $650. Space Inc. has a beta of 1.13 and paid dividends of $7.8, $9.1, $9.3, and $10 per share in the last four years. The expected market return is 13.8% and return on treasury bills is 5.2%. Space Inc. also has a bond issue. The bond has a face value of $1.2 billion, an 8% coupon, YTM of 8.7%, sells for 98.5 percent of the par and matures in 10 years. The tax rate is 35 percent. What is the companys weighted average cost of capital?