1) The balance sheet and some other information for Meig Inc, is provided below. - Meigs Inc's noncallable $1,000 par value, 30-year, 6.25% bonds with semiannual payments are selling for $1,150 - The firm's tax rate is 35%. - Valueline reports Meig's beta estimate as 1.14. - A proxy for the risk-free rate is the 10 -year Treasury of 3.00% - The required return on the stock market is 11.50%. - Meig inc just paid a dividend of \$2,12. Meig has a long record of paying dividends, of which have been growing at a fauly constant rate of 6% over the last 20 years. It is expected that dividends will continue to grow as they have historically. - Meig.s stock presently sells for $20. A) B) C) D) What is the best estimate of the firm's WACC