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General Lithograph Corporation uses no preferred stock. The firm's capital structure uses 6 5 % debt ( hint: the rest is equity ) . The

General Lithograph Corporation uses no preferred stock. The firm's capital structure uses 65% debt (hint: the rest is equity). The marginal tax rate is 31.90% and the before-tax cost of debt is 3.03%. The firm expects to pay a dividend per share of $0.72 next year, and their dividend is expected to grow at 5.95% over the long-run. Their stock currently trades at $23.01 per share. What is General Lithograph's weighted average cost of capital (WACC)? Enter your answer without the "%", and with two decimal places (in other words, if you calculate 9.87%, then just enter 9.87).
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