The company plans the implementation of an investment that will require an initial investment of 80 cm. euro. In line with its capital structure, the company plans the following financial scheme for the investment: - Syndicated loan of 32 million euros to be received by a group of banks at an interest rate 6%. The corporate tax rate is 30%. - Raising 16 million euros through a 10-year corporate bond, which will have issue rate 8%. Issuance of preferred shares amounting to 8 million euros with an issue price of 50 euros and annual dividend 10%. The costs of the issue are estimated at 2% of the value of the issue. - The remaining financing needs will be financed by withheld profits. The share of the company is traded at a price of 40 euros, the most recent dividend was 2.5 euros per share and the expected growth of dividends is 8%. THE the beta of the share is 1.4, the risk-free return of 4% and the expected market portfolio yield 12%. Calculate the weighted average cost of capital of the company.