Question 7 2.5 points Save Answer Assume you are provided with the following data: The yield on the company's outstanding bonds is 3.6%; its tax rate is 40%: the last dividend paid was $2.58 per share: the dividend is expected to grow at a constant rate of 3.00% a year, the price of the stock today is $116: the flotation cost for selling new shares is F = 7%; and the share of equity in the capital structure is 64%. What is the firm's WACC, assuming it must issue new stock to finance its capital budget