Company pays a $5 current dividend (Do = $5), the dividend is expected to grow at a constant rate, estimated by the financial manager with the use of retention growth model. ROE = 18%, dividend payout ratio = 56%. Common stock currently sells for $56 per share. The before-tax cost of debt is 10%, and the tax rate is 40%. The capital consists of 10 000 000 common shares and 200 000 bonds priced at $1045 at the market. What is the company's WACC if all the equity used is from retained earnings? Explain your