Question 8 7 p A firm has a debt to equity ratio of 60 and a corporate tax rate of 40%. a The coupon rate on their bonds with 16 years to maturity is 6%. The bonds pay interest semi- annually and their current price is $1,080.51 per bond. Their common stock sells for $44.33 per share and their past dividend was $2.00 per share and dividends are expected to grow at 3% per year. Which answer below is closest to the actual WACC? 06.77% O 5.96% O 5.87% O d. You have to be kidding me! There is not enough information to get this correct