A firm maintains a debt-to-equity ratio of 0.61 and has a tax rate of 39%. The company does not issue preferred stock but has a pre-tax cost of debt of 9.50%. There are 20,000 shares of the company's stock outstanding with a beta of 0.9 and market price of $42.30. Yesterday, the company issued an annual dividend in the amount of $1.06 per share. Dividends are expected to grow at 5.46% indefinitely. What is the company's weighted average cost of capital? 7.23% 7.41% 7.59% 7.77% 7.95%