XYZ Ltd provides the following information about its capital structure:

60-day Bank Bill with a face value of $500,000. These bills are currently yielding 5% per annum. XYZ tends to use such bills on a revolving basis.

50,000 bonds with a face value of $100 each are selling at $96. The coupon rate for these bonds is 5%. These bonds pay coupon quarterly and have five more years to maturity.

5 million ordinary shares on issue. They were originally issued at $1, and today these shares are selling at $1.5 per share. XYZ is expected to pay a dividend of $0.20 in the next period. The past few years dividends have grown consistently at 2% per annum and this situation is expected to continue.

If the corporate tax rate is 30 per cent, then what is the companys weighted average cost of capital?