Transport Co. has 3 million shares outstanding; the current market price per share is $10. The company has also borrowed $10 million from its banks at a rate of 8%; this is the companys cost of debt rD. Transport Co., has a tax rate of TC = 40%. The company assumed its shareholders want an annual return on their investment of 20%; this 20% return is the companys cost of equity rE. Calculate the companys WACC