3. Hurricane productions wants to arrange for $50 million in capital to finance the building of a new facility to house the motion picture studios. The current plan is 60% equity capital and 40% debt financing. The equity capital which is a total of 30 million (60% of total) will have stock sales for 40% of this amount and it will pay dividends of 5% per year, and the remaining 60% from retained earnings, which currently earns 9% per year. The Debt Capital (40% of the total) of $20 million, will be obtained from 2 sources: $10 million borrowed at 8% and the remainder in convertible debt bonds at an estimated 10% $ per year bond dividend rate. What is the WACC for this scenario? 401. 8 10.4+2 (ab) 8 (6