9. A firm is 60% equity and 40% debt. The firms marginal tax rate is 34%. Their bonds trade for $1100, mature in nine years, have a par value of $1,000, an annual coupon rate of 8.00% and pay semi-annually. The firms common stock trades for $32 and just paid a dividend of $5.00. Dividends are expected to grow at 3% forever.

a. The firms after-tax cost of debt is _____%.

b.The firms cost of equity is _____%.

c. The firms WACC is ___%