- In the previous 5 years, Google paid an annual dividend as follows:

Year-Dividends

2011-2.7

2010-2.5

2009-2.2

2008-1.8

2007-1.5

6- Google currently has a 5 million common shares outstanding, and a 1 million preferred shares outstanding, and 100,000 bonds outstanding. Use your answers in #3, #4, and #5 to calculate Google Weighted Average Cost of Capital (WACC) if the corporate tax rate is 35%.