Problem 11 Intro 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 $78 a share. The before-tax cost of debt is 8% and the tax rate is 34%. The target capital structure consists of 30% debt and 70% equity. Attempt 4/5 for 10 pts. Part 1 What is the company's weighted average cost of capital? 7.14% Try again Try again See solution (-2 pts.)