SHOW ALL YOUR WORK, ALL FORMULAS, ALL CALCULATIONS.

Question 2: The yield on the company's outstanding bonds is 7.75%; its tax rate is 40%, the next expected dividend is $0.65 a share; the dividend is expected to grow at a constant rate of 6.00% a year, the price of the stock is $15.00 per share, the flotation cost for selling new shares is F-10%; and the target capital structure is 45% debt and 55% common equity. What is the firm's WACC