I Am The Walrus (IATW) has 140,000 shares of common stock outstanding at a market price of $27 per share. Next year's annual dividend is expected to be $1.43 per share and the dividend growth rate is 2 percent. IATW also has 2,500 bonds outstanding with a that sell for $982. The bonds have a yield to maturity of 7.35 percent. The company's tax rate is 21 percent. What is IATW's weighted average cost of capital?