Nashville Dairies has a capital structure consisting of $60\%$ debt and $40\%$ common stock. The company's CFO has obtained the following information:

The company has bonds outstanding with a current price of $$950\mathrm{.}91,20$ vear maturity, annual coupon of $7\mathrm{.}5\%,$ and a par value of $$1,000.$

The company's common stock is expected to pay a $$3\mathrm{.}00$ dividend at year end