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The following is the capital structure of your company. Debt: 8 , 0 0 0 bonds. 5 . 7 annual % coupon, with semiannual payments.

The following is the capital structure of your company.
Debt: 8,000 bonds. 5.7 annual% coupon, with semiannual payments. $1,000 face value. 23 years to maturity. Priced at $1,050 per bond.
Preferred stock: 17,500 shares preferred stock. Priced at $80 per share. $3.50 dividend per share.
Common Stock: 410,000 shares. Priced at $59 per share. Beta is 1.10.
Market: 7% market risk premium. 4.5% risk-free rate. Companys tax rate is 23%.
What is the company's Weighted Average Cost of Capital?

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