stion 3 (1 point) Firm maintains a debt-to-equity ratio of 0.67 and has a tax rate of 40%. The mpany does not issue preferred stock but has a pre-tax cost of debt of 9.73%. here are 20,000 shares of the company's stock outstanding with a beta of 0.9 and arket price of $44.70. Yesterday, the company issued an annual dividend in the ount of $1.03 per share. Dividends are expected to grow at 5.70% indefinitely. That is the company's weighted average cost of capital? 6.49% 6.67% 6.85% ) 7.03% 7.21% revious Page Next Page Page 3 of 25