The current share price of common equity share is 320 and there are 2 million shares outstanding. The current selling price of preferred equity share is 400 and there are 500,000 such shares outstanding. The total debt outstanding for the firm, which is rated as a BBB rated firm, is 300 million. The expected return on equity shares based on CAPM is 15%, the cost of preferred equity shares is 13% and the cost of debt for BBB rated securities in Indian market is 11%. What is the WACC for the firm if the tax rate is 0%