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5 pts D Question 3 Suppose Spotify's balance sheet looks like the following at the end of 2099 Cash $24 443 Accounts payable $50,752 Accounts

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5 pts D Question 3 Suppose Spotify's balance sheet looks like the following at the end of 2099 Cash $24 443 Accounts payable $50,752 Accounts receivable $256,398 Long-term bond $133,536 Intellectual properties $406,654 Property & Equipment $107.775 Common stock $610,982 Total Assets $795,270 Total Lib & Equity $795,270 If Spotify's management estimates that the market requires a 7% retum on its common stock, the firm's bonds command a yield to maturity of 3%, and the norm faces a tax rate of 15%, then what is company's weighted average cost of capital

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