28- Hyunday Inc. is expected to pay a $2.50 dividend at year end (D1=$2.50), the dividend is expected to grow at a constant rate of 5.50% a year , and the common stock currently sells for $52.50 a share . The before - tax cost of debt is 7.50% , and the tax rate is 40%. The target capital structure consists of 45% debt and 55% common equity. What is the company's WACC if all the equity used is from retained earnings ? 7.07%7.67%7.36%7.98%