(PT. IMLA) currently has no debt. It contemplating to issue bonds to finance its new investment. The capital expenditure needed for the investment is $. 1 Billion. Its reported earnings available to common stock of $ 420 Million last year. From those earnings, the company paid a dividend $ 125 for each of its 1.000.000 common shares outstanding. The market price of the common stock is $ 4.000 and dividends are expected to grow at a rate of 6% per year for the foreseeable future. The company can issue a 5% coupon, 3-year bonds to finance the investment. Flotation cost would amount 6% of its par value per bond. Assuming the company imposed by a 25% tax rate, calculate the WACC of the company after the bonds issuance!