Use the following data for questions 10-16. ABC Corp's stock is currently trading at $40 per share. Assume that the cash flows for the firm are expected to grow at 8% per year for 2 years. Thereafter, the firm is expected to enter a stable-growth phase with a cash flow growth rate of 3%. Effective tax rate is 25%. The firm's debt carries a BBB credit rating. All in $ millions except per share amounts and percentages Net Income $250 Capital Expenditure $25 Depreciation expense $50 Interest expense $8 - $45 Change in Accounts Payable Change in Inventories Change in Accounts Receivable $25 - $50 MacBook Pro All in $ millions except per share amounts and percentages Net Income $250 $25 Capital Expenditure Depreciation expense $50 Interest expense $8 - $45 Change in Accounts Payable Change in Inventories - $25 Change in Accounts Receivable - $50 Total debt $1000 $100 Cash and cash equivalents Shares outstanding 88 1.25 1.5% Equity Beta Default spread on BBB rated firms Market risk premium Yield to maturity on 30-year Treasury 5.5% 2.5% MacBook Pro Question 13 3 pts What is the WACC for ABC Corp? 5.784% 0 6.7129 0 7.965% 8.761% Question 14 5 pts MacBook Pro Ey Search or type URL