Currently, Company Xeon has 3.5 million common shares of equity stock outstanding. The company also has $32 million face value of bonds that have 4 years remaining to maturity and 6% coupon with quarterly payments, and are priced to yield 7.8353%. If Company Xeon would issue new bonds, the bonds will be priced at par. If it issues up to $12 million of new bonds, the bonds will have a yield of 7.8353%. If it issues new bonds more than $12 million but up to $16 million, the expected yield on the entire issuance will be 10%. If it issues new bonds beyond $16 million, the expected yield on the entire issuance will be 12%. For the common shares of Company Xeon, it is noted that: the company can issue new shares at $20 per share. beta of the equity stock is1.5. current risk-free rate is 2% expected market return is 8%. Company Xeno’s marginal tax rate is 25%. If the company raises $50 million of new capital while maintaining the same debt-to-equity ratio, what is its weighted average cost of capital?