2. Your company currently has a capital structure made up of the following: Source Common Stock Coupon Bonds A Coupon Bonds B Preferred Stock Private Debt # 240,000 245 122 100,000 1 Price per asset $12.01 $1,092.33 $834.12 $22.97 $450,000 The firm has a beta of 1.78 and the risk-free rate is 1.2% and the expected return on the market is 11.2%. Bond A has a of YTM of 11.5%, while Bond B has a YTM of 8.14%. The preferred stock has a dividend yield of 3% and a face value of $50. The private debt has a cost of 9.5%. The firm has a tax rate of 21%. Now, you have been put in charge of a restructuring and after exhaustive analysis, you have decided that the best course of action is to replace both the private debt and Coupon Bond B with additional Common Stock (that will carry the same price as the current common stock). You may round to the nearest share of common stock added. In doing so, you have greatly reduced your risk, which you think will cause the firm's beta to decrease to 1.40 and Coupon Bond A's YTM will decrease to 9.85%. If you carry through with the restricting, what is the new Weighted Average Cost of Capital for your firm