The GIN Corp, is expected to pay a dividend of $$3$ which is expected to grow at $2\%$ for a foreseeable future. The stock of the GIN Corp. is currently selling at a market price of $$40.$ The company recently expanded its operations by issuing $10-$year Corporate bond at par value $($$$1,000)$ which pays an annual coupon payment of $$80.$ If the debt equity ratio of the company is $0\mathrm{.}40$ and the corporate tax rate is $30\%,$ what is the weighted average cost of capital of the company?Calculate the weighted average cost of capital.