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4 4 . Ma , Inc. has a market value capital structure of 2 5 % debt and 7 5 % equity. The tax rate

44. Ma, Inc. has a market value capital structure of 25% debt and 75% equity. The tax rate is 30%. The firms bonds currently trade in the market for $1075.00. These bonds have a par value of $1,000, coupon rate of 8% paid semiannually, and 12 years remaining to maturity. The firms common stock trades for $24.00 per share. The firm has just paid a dividend of $2.10. Future dividends are expected to grow at 2% per year. Based on this information, Ma, Inc.s WACC is _____%.

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