21. Panthers, Inc. has a capital structure of 20% debt and 80% equity. The tax rate is 40%. The firm's bonds currently trade in the market for $950. These $1,000 par value bonds have a coupon rate of 6%, paid semiannually, with 10 years to maturity. The firm's common stock trades at $20.00 per share. The firm just paid a dividend of $2.00. Future dividends are expected to grow at 3% per year forever. Panther's WACC is % a. 7.78 b. 9.08 c. 11.44 d. 13.52 e. 15.17 f. None of the answers in this list is with .010 percentage points of the correct