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Problem 6 (40 points) Lumber Jack Log Homes has 30,000 bonds outstanding that are selling at par. Bonds with similar characteristics are yielding 7.8 %. The company also has 1.5 million shares of common stock outstanding. The stock has a beta of 1.4 and sells for $36 a share. The risk-free rate is 4.5 % and the market risk premium is 8.6 %. Jack's tax rate is 34 %. What is Jack's weighted average cost of capital (WACC)