b. ABC Inc. finances its operations with 40 percent debt and 60 percent equity. Its net income is $40 million and it has a dividend payout ratio of 40%. Its capital budget is B = $100 million this year. The annual yield on the company's debt is 5% and the company's tax rate is T = 30%. The company's common stock trades at Po = $80 per share, and its current dividend of Do = $4 per share is expected to grow at a constant rate of g 6% a year. The floatation cost of external equity, if it is issued, is F= 2% of the dollar amount issued. What is the company's weighted average cost of capital