A firm maintains a debt-to-equity ratio of 0.61 and has a tax rate of 37%. The company does not issue preferred stock but has a pre-tax cost of debt of 9.01%. There are 20,000 shares of the company's stock outstanding with a beta of 0.9 and market price of $39.90. Yesterday, the company issued an annual dividend in the amount of $1.12 per share. Dividends are expected to grow at 4.98% indefinitely. What is the company's weighted average cost of capital? 6.90% 7.07% O 7.25% 7.43% 7.60% MacBook Pro Fe Zi 8 7 3 5 6 8 2 E R