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The following is the capital structure of your company. Debt: 7 , 0 0 0 bonds. 5 . 6 annual % coupon, with semiannual payments.

The following is the capital structure of your company.
Debt: 7,000 bonds. 5.6 annual% coupon, with semiannual payments. $1,000 face value. 22 years to maturity. Priced at $1,040 per bond.
Preferred stock: 17,000 shares preferred stock. Priced at $79 per share. $3.40 dividend per share.
Common Stock: 400,000 shares. Priced at $58 per share. Beta is 1.09.
Market: 6% market risk premium. 4.4% risk-free rate. Companys tax rate is 22%.
What is the company's Weighted Average Cost of Capital?
(Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.,12.34.)

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