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An analyst has collected the following information regarding Christopher Co.: The companys capital structure is 70% equity and 30% debt. The YTM on the companys

An analyst has collected the following information regarding Christopher Co.: The companys capital structure is 70% equity and 30% debt. The YTM on the companys bonds is 9%. The companys year-end dividend is forecasted to be $0.80 a share. The company expects a constant dividend growth rate of 9% a year. The companys stock price is $25. The companys tax rate is 40%. The company anticipates that it will need to raise new common stock this year, and flotation costs will equal 10% of the amount issued. Assume the company accounts for flotation costs by adjusting the cost of capital. Given this information, calculate the companys WACC. Note plz also show clearly what is rd and how to get it.

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