Q2. (25 marks) I Burnaby Music Inc. has 210,000 shares of common stock outstanding at a market price of $36 a share. Last month, the company paid an annual dividend in the amount of $1.593 per share. The dividend growth rate is 4 %. Jake's also has 6,000 bonds outstanding with a face value of $1,000 per bond. The bonds carry a 7 % coupon, pay interest annually, and mature in 4.89 years. The bonds are selling at 99 % of face value. The company's tax rate is 34 %. What is company's weighted average cost of capital? (Show detailed calculations)