Consider the following information for Avery Corporation. . . Debt: The firm's noncallable bonds mature in 20 years, with an 8.00% annual coupon, a par value of $1,000, and a market price of $1,050.00. There are 45,000 bonds outstanding. Equity: 1,900,000 shares with the current price of $35. The stock has a beta of 1.6. Assume the risk-free rate is 5% and the market risk premium is 6%. Taxes: Avery Corporation's marginal tax rate is T. = 0.21. Calculate the weighted-average cost of capital (WACC)