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A company has a capital structure comprised of debt and equity. Bonds: $100 million face value bonds have been issued that mature in 10 years

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A company has a capital structure comprised of debt and equity. Bonds: $100 million face value bonds have been issued that mature in 10 years and pay a 5% coupon rate, paid semi-annually. The bonds are selling at 95 . Shares: 10 million shares have been issued and are currently selling at $9.50 per share. The stocks have just paid a $0.25 per share dividend. Dividends have been increasing at 2% annually and are expected to do so into the future. Given this information, what is the company's Weighted Average Cost of Capital (WACC)? Tax rate is 30%. Enter the answer as a percentage with two decimal places. For example .12345% is 12.35%

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