Calculate the WACC of Highlander Company The company's target capital structure looks like the following: The company is in the 40% tax bracket. The company's plans to issue 20-year, 9% semiannual coupon bonds, (par value $1,000) for $990. The flotation costs are 3% of the par value of the bond. Additionally, the company is contemplating 10% preferred stocks, which are expected to sell for its $90-per-share par value. The flotation costs are $8 per share. The risk free rate (Rf) is right now 7% and the return on the market 11%. The company's beta is 1.5. The company, which had a dividend growth rate of 5% in the past, is expected to pay $4 in dividends (D1) and the stock is currently traded for $50 per share in the market. However, to assure that the whole issue would be sold, Highlander estimates that it has to sell new shares at $3 under the current market value. Additionally, the company would face a flotation cost of $2