ABC Corporation is planning to evaluate a new project and needs to calculate its Weighted Average Cost of Capital (WACC) to determine the appropriate discount rate for its cash flows. The company is financed by equity and debt, where the market value of equity is $800 million and the market value of debt is $200 million. The cost of equity is estimated to be 12%, and the after-tax cost of debt is 6%. What is the WACC for ABC Corporation?