Question $4($Mark $5)$ ABC company has a corporate tax rate is $35\%.$ The company beta $($BA$)$ is $1\mathrm{.}35,$ the risk$-$free return $($Rf$)$ is $4\mathrm{.}65\%,$ and the expected rate of return on the market portfolio is $8\%.$ Based on the risk, the bank will charge $7\mathrm{.}35\%$ on the commercial loans$/$chattel mortgages granted to such company. The company will use $60\%$ equity financing and $40\%$ debt financing. Based on the above information, Calculate the WACC. Show your calculations.