Fossil Company has 450,000 shares of common stock outstanding at a market price of $48 a share. Last month, Fossil paid an annual dividend in the amount of $1.20 per share. The dividend growth rate is 5%. Fossil also has 12,000 bonds outstanding with a face value of $1,000 per bond. The bonds carry a 6% coupon, pay interest annually, and mature in 10 years. The bonds are selling at 98% of face value. The company's tax rate is 25%. What is Fossil's weighted average cost of capital?

		5.95%
		6.04%
		6.37%
		6.60%
		6.82%