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19. Feastha Foods is interested in calculating its weighted average cost of capital. The company's CFO has collected the following information: - The target capital structure consists of 60% debt and 40% common stock - The company has a 15-year noncallable bonds with a par value of P1,000, a 11\% annual coupon, and is selling now at 92-3/4. - Equity flotation costs are 2% of par value - The company's common stock has a beta of 0.80 - The risk-free rate is 5%; and market risk premium is 4% - Ine company's tax rate is 40% 20. Hapi Corp. wants to calculate its weighted average cost of capital. The company's CFO has collected the following information: * Dividend paid recently ......P2.00 per share " Growth rate 6% * Stock price P 32.00 per share Flotation cost 10% * Bond YTM 9% Tax rate 30% * Target capital structure: 75\% Equity; 25\% Debt * 60% of the equity funds from retained earnings and 40% new stock issuances. What is the company's WACC