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Daves Inc, recently hired you as a consultant to estimate the company's WACC. You have obtained the following information. (1) The firm's noncallable bonds have

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Daves Inc, recently hired you as a consultant to estimate the company's WACC. You have obtained the following information. (1) The firm's noncallable bonds have a yield to maturity of 7.5% (2) The company's tax rate is 40%. (3) The risk-free rate is 4.3%, the market risk premium is 7.13%. and the stock's beta is 0.8. (4) The target capital structure consists of 35% debt and the rest is common equity. The firm uses the CAPM to estimate the cost of equity, and it does not expect to issue any new common stock. What is its WACC

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