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Company A wants to calculate its WACC. It has just issued a 9 - year, 5 % coupon, noncallable bond at par value. A '

Company A wants to calculate its WACC. It has just issued a 9-year, 5% coupon, noncallable bond at par value. A's current stock price is $38 and A just paid s$1.6 per share dividend. A's dividend payment is expected to grow at a constant rate of 4% a year. A wants to keep a debt-to-capital ratio of 20%. Tax rate is 25%. If A does not have preferred stock and floatation costs, what is its WACC (please report WACC as a decimal number with four decimal places, such as 0.0562
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