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Question 19 (1 point) Jake's Sound Systems has 210,000 shares of common stock outstanding at a market price of $36 a share. Yesterday, Jake's paid

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Question 19 (1 point) Jake's Sound Systems has 210,000 shares of common stock outstanding at a market price of $36 a share. Yesterday, Jake's paid an annual dividend in the amount of $1.825 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 Jake's weighted average cost of capital? 7.3% 8.4% 10.32% O 15.56% O none of the above

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