Canvas P. Dashboard B.S. Business Ana... Cengage Top Hat USF Mail - Meet - Morning A... HIA Atlanta Essentials of Isla... Question 8 5 pts Sorensen Systems Inc. is expected to pay a dividend of $2.70 at year end (D1), the dividend is expected to grow at a constant rate of 5.50% a year, and the common stock currently sells for $37.50 a share. The before-tax cost of debt is 7.50%, and the tax rate is 40%. The target capital structure consists of 45% debt and 55% common equity. What is the company's WACC if all the equity used is from retained earnings? Your answer should be between 7.36 and 12.57, rounded to 2 decimal places, with no special characters. Question 9 5 pts Sapp Trucking's balance sheet shows a total of non-callable $45 million long-term debt with a coupon rate of 7% and a yield to maturity of 6%. This debt currently has a market value of $50 million. The balance sheet also shows that the company has 10 million shares of common stock, and the book value of the common equity (common stock plus retained earnings) is $65 million. The current market value of equity (stock price) is $20 per share. Additionally, stockholders' required return is 12.4%, and the firm's tax rate is 40%. What is the company's WACC based on market value weighting? Your answer should be between 9.72 and 12.50, rounded to 2 decimal places, with no special characters