Stock 4 million shares outstanding Current price: $60 Shareholder equity: $100 million Projected annual dividend (.e. D1): $2.50 Dividend growth rate - 3% Debt: 200,000 bonds outstanding Current price: $1,250 Face value: $1.000 Term to maturity: 6 years Global bonds pay an annual coupon at a rate of 8%. The current risk-free rate is 2%, while the market portfolio premium is 5.5%. The tax rate facing the firm is 21%. 4) What is Global's WACC