1. The expected return on the market is 12.56%, the risk-free rate is 4.79%, and the tax rate is 20%. Semper Fun Sports has 300,000 common shares outstanding that are priced at $42.00 per share and have an expected return of 16.92% and an expected real return of 14.21%. Last year, Semper Fun Sports common stock had a return of 11.93%. The company also has 400,000 shares of preferred stock outstanding that are priced at $15.50 per share and have an expected return of 13.78% and an expected real return of 11.15%. Last year, Semper Fun Sports preferred stock had a return of 8.26\%. Finally, the company has 10,000 bonds outstanding with a coupon rate of 9.96%, yield-to-maturity of 4.55%, current yield of 8.16%, face value of $1,000, and price of $1,220. What is the weighted average cost of capital for Semper Fun Sports