1. Random Corp has 30,000 bonds outstanding. The bonds have a face value of $1,000 each. The bonds are selling at 103% of face value, have a 10% coupon rate, pay interest annually, and mature in 12 years. In addition, there are 2,500,000 shares of common stock outstanding with a market price of $38.0 a share and a beta of 1.58.The expected return on the market is 17% and the risk-free rate is 3%. If the marginal tax rate is 35%, what is Random Corp's weighted average cost of capital?