Ity Tools Student Tools Need Help? Lydia Gaffner Use the following information to calculate the weighted average cost of capital. For full credit, please show all work. Debt: 20,000 bonds outstanding; 7% coupon rate; semi-annual interest payments; 15 years to maturity, current price of $990 per bond Stock: 500,000 shares outstanding; current price of $52.00 per share; no annual dividend; beta of 1.2 Market information: 3-month T-bill rate of 3.0%; expected return on S&P 500 of 12.0%; expected return on bond index of 7.0%; corporate tax rate of 21% (13 points) n