5 pt: Question 8 Sorensen Systems Inc. is expected to pay a dividend of $3.80 at year end (D), the dividend is expected to grow at a constant rate of 5.50% a year, and the common stock currently sells for $37.50 a share. The before-tax cost of debt is 7.50%, and the tax rate is 40%. The target capital structure consists of 45% debt and 55% common equity. What is the company's WACC if all the equity used is from retained earnings? Your answer should be between 7.36 and 12.57. rounded to 2 decimal places, with no special characters. I Question 9 5 pts Sapp Trucking's balance sheet shows a total of non-callable $45 million ong-term debt with a coupon rate of 7% and a yield to maturity of 6%. This Hebt currently has a market value of $50 million. The balance sheet also hows that the company has 10 million shares of common stock and the