Marie Corp. has $1,872 in debt outstanding and $2,240 in common stock (and no

preferred stock). Its marginal tax rate is 30%. Marie's bonds have a YTM of 5.4%.

The current stock price (Po) is $49. Next year's dividend is expected to be $2.18, and

it is expected to grow at a constant rate of 4% per year forever. The company's

W.A.C.C. is____%.