An analyst has collected the following information regarding Christopher Co.:

*The company's capital

structure is 70% equity and 30% debt.

*The YTM on the company's bonds is 9%.

*The company's year-end dividend is forecasted to be $0.80 a share.

*The company expects a constant dividend growth rate of 9% a year.

*The company's stock price is$25.

*The company's 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 company's WACC.

Can you help me solve this problem.