Zylon Co$.$ is a U$.$S$.$ firm that provides technology software for the government of Singapor paid SS $8,000\mathrm{.}000$ at the end of each of the next $5$ years. The entire amount of the payment earnings since Zylon created the technology software years ago $($i$.$e$.,$ its financing costs considered within its estimate of cash flows$).$ Zylon is subject to a $25\%$ corporate income tax the U$.$S$.$ Its other cash inflows $($e$.$g$.$ revenue$)$ are expected to be offset by its other cash outflow operating expenses$)$ each year, so its profits on the Singapore contract represent its expected annu cash flows. SS is presently worth S$\mathrm{.}60,$ and Zylon uses that spot exchange rate as a forecast of fu The risk$-$free interest rate in the U$.$S$.$ is $5\%$ and the risk$-$free interest rate in Singapore is $8\%.$ Zylon capital structure is $70\%$ debt and $30\%$ equity. The company is charged an interest rate of $12\%$ on its debt. Zylon's cost of equity is based on the CAPM. It expects that the U$.$S$.$ annual market return will be $9\%$ per year and Singapore annual market return will be $11\%$ per year. Its beta is $1\mathrm{.}2\mathrm{.}16.$ Determine Zylon's weighted average cost of capital.A$.12\mathrm{.}91\%$B$.11\mathrm{.}34\%$C$.9\mathrm{.}78\%$D$\mathrm{.}9\mathrm{.}24\%6\mathrm{.}90\%$