Lucent Technologies has 600,000 shares of common stock outstanding at a market price of $62 a share. Last month, Lucent Technologies paid an annual dividend in the amount of $2.60 per share. The dividend growth rate is 6%. Lucent Technologies also has 30,000 bonds outstanding with a face value of $1,000 per bond. The bonds carry a 6% coupon, pay interest annually, and mature in 15 years. The bonds are selling at 102% of face value. The company's tax rate is 25%. What is Lucent Technologies' weighted average cost of capital?

		7.10%
		7.42%
		7.69%
		7.90%
		8.22%