Pixar Corporation stock sells for $40. They plan to pay $3.75 in dividends next year. They are expected to grow at 8.75%. Treasury bonds yield 3.5%. The market is expected to return 11.5%. They have a beta of 1.83. Their bonds sell for $1090. They have 15 years till maturity. They pay semi-annual payments. Par is $1000. The coupon rate is 8%. Liabilities and Assets Owners' Equity Current assets Current liabilities Cash $ 200.00 Accounts payable $ 40.00 Accounts receivable $ 400.00 Notes payable $ 60.00 Inventory $ 200.00 Total $ 100.00 Total $ 800.00 Fixed assets Net plant and equipment $ 3,200.00 Long-term debt $ 500.00 Owners' equity Common stock $ 500.00 Retained earnings $ 2,900.00 Total $ 3,400.00 Total assets $ 4,000.00 Total liabilities and $ 4,000.00 owners' equity

What is the WACC?