Zeta Ltd operates a quite successful chain of milk products and tea houses across South East Asia, Zeta Ltd plans to expand in South America. Therefore, Zeta Ltd needs some funds for this investment. The company balance sheet in Australian Dollars(A$) is as follows. Cash Accounts receivable Inventories Net fixed assets Total assets 1,500,000 2,400,000 1,310,000 Long-term debt 2,500,000 Common Equity 7,710,000 Total Debt and Equity 4,000,000 3,710,000 7,710,000 Nowadays the company's common equity is selling for a price equal to 2 times its book value and Government bond rate is 4.5% and market portfolio return is 12% and company beta 1.25. The firm's bonds command a yield to maturity of 6 percent, and the firm faces a tax rate of 30%. At the end of the previous year Zeta's bonds were trading near par value. a. What is the company's weighted average cost of capital based on market value