The CFO of Traxx Co. would like to estimate the companys cost of capital. It currently bonds outstanding of $40 million that is trading at a discount of 15%. The 20-year pays a coupon of 6% annually and is selling for $850 per face value of $1,000. The companys equity is made of 2 million shares that is trading for $36.67 in the NASDAQ exchange. It paid a dividend of $4.00 recently and its projected growth rate is 10%. What is the WACC if the tax rate is 35%? Ignore floatation costs