Quinlan Enterprises stock trades for $2.50 per share. It is expected to pay a $2.40 dividend at year-end (D1=$2.40), and the dividend ts expected to grow at a conctant rate of 3% a ycar. The before-the eost of debe is 5 so\%, and the tax: rate is 25 . The target capital structure consists of 45% debt and 55% common equity. What is the company's WACC if all the equity used is from reinvested carnings