The following information relates to TIC Corporation (TIC): TIC has 1.6 million ordinary shares outstanding that are currently priced at $18 each and have a beta of 1.6. TICs bonds have a total market value of $10,000,000, have a coupon rate of 5% p.a. TIC has 500,000 preference shares trading at $8 each. The market yield on the TIC preference shares is 8% per annum. The current yield to maturity is 6.5% per annum, the market risk premium is 8% p.a., the risk-free rate is 5% p.a., and the company tax rate is 30%.

What is TICs Corporations WACC?

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