4. You are given the following information on Yang Enterprises (Total 3 points): Common Stock: Yang Enterprises' common stock has a beta of 1.19. Assume the risk-free rate is 5.4 percent and the expected return on the market is 12.9 percent. The company has 865,000 shares of common stock selling for $120.30 per share. Debt: Yang Enterprises has several bond issues outstanding, each making semiannual interest payments. The bonds are listed in the table below. Bond 1 2 3 4 AWN Coupon Rate 8.80% 7.00 8.50 9.00 Price Quote 105.8 94.6 104.6 106.5 Maturity 4 years 7 years 14.5 years 24 years Face Value $28,000,000 48,000,000 53,000,000 68,000,000 Preferred stock: Yang Enterprises has an issue of preferred stock with a $5.80 stated dividend that just sold for $100 per share. The company has 105,800 shares of preferred stock selling at $100 per share. If the corporate tax rate is 23 percent, what is the aftertax WACC