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4 6 . Panthers, Inc. has a capital structure of 2 0 % debt and 8 0 % equity. The tax rate is 4 0

46. Panthers, Inc. has a capital structure of 20% debt and 80% equity. The tax rate is 40%. The firms 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 firms 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. Panthers WACC is _____%.

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