J. Corporation has 375,000 shares of common stock outstanding at a market price of $54 per share. Next years annual dividend is expected to be $5.90 per share. The dividend growth rate is 4.2 percent. The firm also has 13,950 bonds outstanding with a face value of $1,000 per bond. The bonds carry a 5.4 percent coupon, pay interest semiannually, and mature in 7 years. The bonds are selling at 91 percent of face value. The applicable tax rate is 21 percent. What is the companys weighted average cost of capital