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Suppose a firm has 24800,000 shares of common stock outstanding with a price of $15.62 per share. The firm also has 414,000 bonds outstanding with

Suppose a firm has 24800,000 shares of common stock outstanding with a price of $15.62 per share. The firm also has 414,000 bonds outstanding with a current price of $1,049.00. The outstanding bonds have 7.03% yeild to maturity, . The companys common stock has a beta of 1.265 and the corporate tax rate is 39%. Current economic conditions reflect an expected return on the market of 14.64% and the T bill yield is 6%. What is the WACC?

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