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A company just paid a $2.50 dividend. The dividend is expected to grow at a constant rate of 3.50% a year, and the common stock

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A company just paid a $2.50 dividend. The dividend is expected to grow at a constant rate of 3.50% a year, and the common stock currently sells for $42.35 a share. It's beta is 1.5, the risk free rate is 2.5% and the return on the market portfolio is 8.5%. The before-tax cost of debt is 13.5%, and the tax rate is 21%. The target capital structure consists of 45% debt and 55% common equity. What is the company's market value WACC

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