Golding Enterprises has 50,000 shares outstanding, of which 20% are preferred shares and 80% are common shares. The preferred shares pay $2.00 per year in dividends and are priced at $40 per share. The last dividend paid to common stockholders was $5 per share and the company expects to grow at 2% forever. The current price of the common stock is $80. The company currently has no long term debt. Make sure that you carry enough decimals when you do your calculation. What is the WACC of Golding Enterprises? 5.0% 03.0% 07.0% 8.0% 06.0%