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Ma, Inc. has a market value capital structure of 30% debt and 70% equity. The tax rate is 30%. The firms bonds currently trade in

Ma, Inc. has a market value capital structure of 30% debt and 70% equity. The tax rate is 30%. The firms bonds currently trade in the market for $1035.00. These bonds have a face value of $1,000, coupon rate of 8% paid semiannually, and 10 years remaining to maturity. The firms common stock trades for $20 per share. The firm has just paid a dividend of $2. Future dividends are expected to grow at 2% per year. Based on this information, Ma, Inc.s WACC is _____%

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