D E F G H I Johnny Cake Ltd. has 8 million shares of stock outstanding selling at $22 per share and an issue of $40 million in 10 percent annual coupon bonds with a maturity of 17 years, selling at 94.0 percent of par. Assume Johnny Cake's weighted average tax frate is 34 percent, its next dividend is expected to be $3 per share, and all future dividends are expected to grow at 5 percent per year, indefinitely. 10 points What is its WACC? (Do not round intermediate calculations and round your final answer to 2 decimal places.). eBook Print 8,000,000 22.00 $40,000,000 10% References Shares outstanding Price per share Face value of outstanding bond issue Coupon rate on bonds Maturity of bonds Price of bonds (% of par) Weighted average tax rate Next expected dividend Expected dividend growth rate 94.00 34.00% 3.00 5.00% Complete the following analysis. Do not hard code values in your calculations. Before-tax cost of equity Before-tax cost of debt Equity weight Debt weight WACC