Bob's is a retail chain of specialty hardware stores. The firm has 21,000 shares of stock outstanding that are currently valued at $63 a share. Firms Beta is 1.2. The risk-free rate is 1% and the market expected return is 7.6%. Firm expects to pay an annual dividend of $3 in one year. Dividend is expected to grow indefinitely at 5% annually. The firm also has 500 coupon bonds outstanding that have a face value of $1,000, a market price of $1,168, mature in 6 years and have a YTM of 5.5%. The tax rate is 35%. Find company's cost of equity and WACC if CAPM is the right method for cost of equity