= Hook Industries capital structure consists solely of debt and common equity. It can issue debt at ra=11% and its common stock currently pays a $2.00 dividends per share (Do = $2). The stocks price is currently $24.75, its dividends is expected to grow at a constant rate of 7% per year, its tax rate is 35%. The company finances at its target capital structure, which 20% debt and 80% common equity. What is WACC