Wonka Public Limited is planning to set up a factory to produce dark chocolates. The company is planning to raise capital from equity only. The total capital required for this factory is $10 million. From the figures outlined in the table below for Wonka Public Limited, calculate the Cost of Capital for this new project. (5 Points) Cost of debt capital 10% Corporate tax rate 0.30 Market value of debt $20 000 000 Market risk premium 5% Market value of Wonka Public $40 000 000 Limited Wonka's beta 0.40 Risk free rate 3%