ing Corporation has established a target capital structure of 30 percent debt and 70 percent common equity. The current market price of the firm's stock is Po $28; its last dividend was Do its expected dividend nstant. The YTM (Yield to = s2.50, and Maturity) of Manning's outstanding bonds is l 1%, and its marginal tax rate is 40% (WACC) of Manning Corporation. growth rate is 5 percent co Manning can Find the weighted average cost of capital