Trust Inc. is a small, publicly traded construction company with 10 million shares outstanding trading at $20 a share. Trust Inc has a levered beta of 1.2. It also has a bond on which it makes $2m in interest payments each year. The bond has 4 years to maturity and a face value of $50m and Trust Inc has operating leases of $2m and $3m for the next two years. The rating of the company is Baa for which the default spread is 2%. The marginal tax rate is 20%. The risk-free rate is 2.5%, and the equity risk premium is 5.5%. What is the current cost of capital for Trust Inc.?