As a new Investment Analyst, you are asked to estimate the weighted average cost of capital (WACC) for Black Company. Black has a capital structure with 55% debt and 45% equity, a corporate tax rate of 26%, a current market price of stock of Po = $22.50, a current dividend per share of Do = $2.00, an estimated growth rate of g = 5%, thus dividends next year are Di $2.00(1.05) = $2.10. If new debt costs 6%, what is the WACC for Black Company? + g = WACC =