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Diamodis, Inc. has an optimal capital structure of 65% debt and 35% equity. The firm's bonds, which have a $1000 par value, a coupon rate

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Diamodis, Inc. has an optimal capital structure of 65% debt and 35% equity. The firm's bonds, which have a $1000 par value, a coupon rate of 11.25% (semi-annual payments), and mature in 18 years, currently trade in the bond market for $1128.00 Diamodis common stock sells for $64.83 per share. The company just paid a dividend of $12.48 per share (D-12.48) and future dividends are expected to grow at a rate of 3.7% per year forever. Dlamodis, Inc.'s marginal tax rate is 30%. Based on this information, the weighted average cost of capital (WACC) for Diamodis, Inc. is Enter your answer as a percent rounded to one decimal place, but do not include the percent sign in your answer. For example, enter 0.25994 - 25,3948% as 25.4. Your

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