show detailed work

II Cavolo Corporation recently hired you as a consultant to estimate the company's WACC. You have obtained the following information. (1) The firm's noncallable bonds mature in 20 years, have an 8.00% annual coupon, a par value of $1,000, and a market price of $1,050.00. (2) The company's tax rate is 40%. (3) The risk-free rate is 4.50%, the market risk premium is 5.50%, and the stock's beta is 1.20 . (4) The target capital structure consists of 35% debt, and the balance is common equity. II Cavolo Corporation does not expect to issue any new common stock. What is its WACC