XYZ is a company thinking of entering the supermarket industry, where it plans to finance projects with a debt$-$to$-$value ratio of $35$ percent. ABC Inc. is a supermarket with similar characteristics as the project that XYZ is considering. This firm is financed with $48$ percent debt. The beta of ABC Inc.$$s equity is $4\mathrm{.}2.$ The beta of ABC Inc.$$s debt is $0\mathrm{.}25.$ ABC Inc. has a borrowing rate of $10$ percent, and XYZ expects to borrow at $12$ percent. The corporate tax rate for XYZ is $22\%$ and for ABC Inc.$$s is $26$ percent, the market risk premium is $8$ percent, and the risk$-$free rate is $4\mathrm{.}5$ percent.

a$.$ If we assume that ABC is a representation of the industry, what is the Asset cost of capital for this industry?