A firm maintains a debt-to-equity ratio of 0.41 and has a tax rate of 29%. The company does not issue preferred stock but has a pre-tax cost of debt of 7.00%. There are 20,000 shares of the company's stock outstanding with a beta of 0.9 and market price of $27.30. Yesterday, the company issued an annual dividend in the amount of $1.36 per share. Dividends are expected to grow at 3.06% indefinitely. What is the company's weighted average cost of capital?

	6.89%
	7.08%
	7.26%
	7.44%
	7.62%