The firm has K.10 million ordinary shares issued at par value of K1 each but currently trading at K0.5 per share. It recently paid a dividend of K2.6 per share and five years ago paid K1.1 per share. The firm also has a 10% bond worth K4 million issued at par value of K1,000 each that matures in 5 years and currently trades at K1,095. Using the market values, calculate the firm's weighted average cost of capital.