Question 17 5 pts . Hilliard Corp. wants to calculate its weighted average cost of capital (WACC). The company's CFO has collected the following information: The company's long-term 30-year semi-annual bonds are currently sold at $200 and coupon rate is 8 percent and par value is $1,000 The company does not have preferred stock. The company's common stock price is $30 per share (Po - $30). The company recently paid a dividend of $2 per share (Do - $2.00). The dividend is expected to brow at a constant rate of 5 percent a year (8 - 5%). The company pays a 10 percent flotation cost whenever it issues new common stock (F-10%). The company's target capital structure shows $200 million debt and $300 million common equity. The company's tax rate is 40 percent What is the company's after tax cost of debt (ra' (1-4))? Please pick the closest answer . 8.50639 7.8788% 6.5800X 5.3797%