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To estimate the Jana Ine's WACC, you have obtained the following information. (1) The firm's noncalable bonds mature in 20 years, have an 8% annual

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To estimate the Jana Ine's WACC, you have obtained the following information. (1) The firm's noncalable bonds mature in 20 years, have an 8% annual coupon, a par value of $1,000, and a market price of $1,050. (2) The company's tax rate is 40%, and the yield on a 20-year Treasury bond is 6.50%. (3) Jana's stock price is $85 today, its current dividend is s. 26, and its expected constant growth rate is 5.7%. (4) The target capital structure consists of 35% debt and 65% common equity. What is its WACC

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