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Linde burger Cheese Corporation has 6.1 million shares of common stock outstanding, 210,000 annual shares of 3.4 percent preferred stock outstanding, and 95,000 bonds with

Linde burger Cheese Corporation has 6.1 million shares of common stock outstanding, 210,000 annual shares of 3.4 percent preferred stock outstanding, and 95,000 bonds with a semiannual coupon rate of 5.1 percent outstanding, par value $1,000 each. The common stock currently sells for $75 per share and has a beta of 1.05, the preferred stock has a par value of $100 and currently sells for $81 per share and the bonds have 15 years to maturity and sell for 105 percent of par. The market risk premium is 6.8 percent, T-bulls are yielding 2.8 percent, and the companys tax rate is 21 percent. What is the discount rate for this company

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