The current stock price is $\backslash (\backslash$$ $22\mathrm{.}50\backslash )$ per share; its beta is $1\mathrm{.}2$ and a risk free rate of $\backslash (3\backslash \%\backslash )$ and market risk premium is $\backslash (6\backslash \%\backslash ).$ The firm's tax rate is $\backslash (21\backslash \%\backslash ).$ The CFO thinks the WACC should be based on market$-$value weights. Calculate WACC based on market value as the weights. $(18$ pts$)$