Given the information provided here, what is this firm's WACC?

• coupon rate on company bonds = 4.0%
• years until maturity on the bonds = 16
• current price of company bonds = $813.98
• recent stock price = $29.10
• dividend expected at the end of the next period= $1.60
• annual growth rate of dividend = 3.50%
• average effective tax rate over past five years = 30%
• total long-term debt = $650 million
• total shareholders' equity = $350 million
• no preferred stock

I will give you some tips:

WACC = Kd(Wd) + Kp(Wp) + Ke(We)

Kd = cost of debt capital

Wd = % of debt in long-term (LT) capital structure

Kp = cost of preferred shares (if any)

Wp = % of preferred shares in LT capital structure

Ke = cost of common equity capital

We = % of common equity in LT capital structure