The annual report of HTC Ltd provides the following information about the firm. It has 20 million ordinary shares outstanding with a current market price of $1.50 per share. The beta of ordinary shares is 1.5, the market risk premium is 7% p.a., and the risk-free rate is 6% p.a. The firms debt consists of 100,000 bonds paying an annual coupon rate of 10% at the end of each year and maturing in 4 years time. You are to assume that a coupon has just been paid. Each bond has a face value of $100 and the current yield to maturity on these bonds is 8.0% p.a. If the company tax rate is 30%, calculate HTCs after-tax weighted average cost of capital. Write down in words and symbols the formula and show all inputs into this formula. Show all calculations for each input.