4. A company has 1,000,000 shares of common stock outstanding, and the current market price is $50 per share. The company has also issued 20,000 bonds ($1.000 maturity value cach), which are presently selling in the market at $980 cach. The bonds are selling at a yield of Il percent; the company expects to pay a dividend of $3 per share in the coming year, and the dividend is expected to grow at 8 percent per year. The company is in the 40 percent tax bracket. What is the weighted average cost of capital