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 $61 a share. The before-tax cost of debt is 5% and the tax rate is 34%. The target capital structure consists of 50% debt and 50% equity. Part 1 Attempt 2/10 for 1 pts What is the company's weighted average cost of capital? Try again