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Hagerstown Corp. has 1 0 0 million shares of common stock outstanding that currently trade at $ 3 0 per share. It has 2 million

Hagerstown Corp. has 100 million shares of common stock outstanding that currently trade at $30 per share. It has 2 million bonds outstanding with a par values of $1,000 and market price of $800 per bond. Its after-tax cost of debt is 3% and its stock's beta is 1.2. The risk-free rate is 1%, and market risk premium is 7%. What Hargerstown Corp.'s weighted average cost of capital (WACC)?

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