Munich Re Inc. is expected to pay a dividend of $4.82 in one year, which is expected to grow by 4% a year forever. The stock currently sells for $77 a share. The before-tax cost of debt is 6% and the tax rate is 34%. The target capital structure consists of 60% debt and 40% equity. IB Attempt 1/8 for 10 pts. Part 1 What is the company's weighted average cost of capital? 3+ decimals Submit