4. 10 points Masterson, Inc, has 8 million shares of common stock outstanding. The current share price is $74, and the book value per share is $7 The company also has two bond issues outstanding. The first bond issue has a face value of $95 million, has a coupon rate of 7 percent and sells for 97 percent of par. The second issue has a face value of 580 milion has a coupon rate of 6 percent, and sells for 109 percent of por. The first issue matures in 23 years, the second in 6 years Suppose the most recent dividend was $450 and the dividend growth rate is 4.9 percent. Assume that the overall cost of debt is the weighted average of that implied by the two outstanding debt issues. Both bonds make semiannual payments. The tax rate is 25 percent What is the company's WACC? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e... 32.16.) eBook Print WACC