Starscream issued seven thousand $1,000 bonds with a coupon rate of 8%p.a. and a yield to maturity (market return) of 6%p.a. the bonds have a market price of $1,300 each. Starscream issued 3 million shares on the local stock market in its 2019 IPO, priced at $1.00 per share. The company raised another $2.5 million in 2020 by issuing 1 million new shares at a price of $2.5 each share. Starscream's shares currently trade at $3.00 per share. Starscreams' shareholders expect a return of 14%p.a. Starscream pays company tax at a rate of 30%. Required a) Calculate Starscream's Weighted Average Cost of Capital (WACC) and explain what it means in your own words (Round your answer to two decimal places). WACC = r = W. xr, *(1-1) + We Are A