The company has a marginal tax rate of $40\%.$ The Manx company's debit is currently yielding $6\%.$Preferred stock is currently paying $$6\mathrm{.}50$ dividend and currently market price is $$75.$ As for common stock the company use CAPM to determine it rate of return. The company has Bet of $1\mathrm{.}6$ and return on the market as whole is $9\%.$ Risk free rate is $2\%.$What is weighted average cost of capital?