2. Set your calculator to 3 or more places. Lincoln Tire Corporation plans to raise $20 million this year for expansion. The balance sheet (in millions) is given below:Current assets $150 Accounts payable $ 50Net fixed assets 350 Short-term debt 50 Long-term debt 100 Common stock 100 Retained earnings 200 Total $500 Total $500The market price of the company's common stock is $21.00 per share. The market yield on the companys bonds is 8 percent. The tax rate is 21 percent. The company has experienced fairly stable growth, and this is evidenced in its dividend payments to common stockholders which have steadily increased. The dividend has grown by 5 percent annually. The dividend was $2.00 per share for the year just ended. Calculate the company's weighted average cost of capital (WACC).