You are given the task of calculating the cost of capital of Kingston Flowers. The company has 800,000 common shares outstanding, and each common share is trading at $10. You have decided to use the CAPM equation to calculate the cost of common equity. You estimate that the risk-free rate is 5%, and the market risk premium is 5% as well. You have decided to use the industry data to calculate the beta of Kingston Flowers. You know that the industry equity beta is equal to 1.5 and that the industry's debt/equity ratio is equal to 0.6 . The company faces a tax rate of 30%. It also has three public long-term bonds outstanding, as outlined below: Using the information provided above, calculate the cost of capital of Kingston Flowers. Please round to at least 4 decimal points for the calculation process and 4 decimal points for your final answer. (\% WACC can be rounded to 2 decimal places in percentage terms.) (12 marks)