The total value of ZBSs equity is K10 million and the book value per share is K20. The stock sells for a price of K30 per share and the cost of equity is 15 percent. The companys bonds have a face value of K5 million and sell at a price of 110 percent of face value. The yield to maturity on the bonds is 9 percent and the companys tax rate is 40 percent. Find the weighted average cost of capital for ZBS.