mike is financed with 65.00% equity and the remainder in debt. They have 10.00-year, semi-annual pay, 5.26% coupon bonds which sell for 97.69% of par. Their stock currently has a market value of $24.94 and Mr. rick believes the market estimates that dividends will grow at 3.37% forever. Next years dividend is projected to be $2.61. Assuming a marginal tax rate of 35.00%, what is their WACC (weighted average cost of capital)?