The current stock price for a company is $33 per share, and there are 7 million...

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The current stock price for a company is $33 per share, andthere are 7 million shares outstanding. The beta for this firmsstock is 0.9, the risk-free rate is 4.8, and the expected marketrisk premium is 6.2%. This firm also has 50,000 bonds outstanding,which pay interest semiannually. These bonds have a coupon interestrate of 7%, 19 years to maturity, a face value of $1,000, and anannual yield to maturity of 7.8%. If the corporate tax rate is 34%,what is the Weighted Average Cost of Capital (WACC) for this firm?(Answer to the nearest hundredth of a percent, but do not use apercent sign).

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The current stock price for a company is $33 per share, andthere are 7 million shares outstanding. The beta for this firmsstock is 0.9, the risk-free rate is 4.8, and the expected marketrisk premium is 6.2%. This firm also has 50,000 bonds outstanding,which pay interest semiannually. These bonds have a coupon interestrate of 7%, 19 years to maturity, a face value of $1,000, and anannual yield to maturity of 7.8%. If the corporate tax rate is 34%,what is the Weighted Average Cost of Capital (WACC) for this firm?(Answer to the nearest hundredth of a percent, but do not use apercent sign).