Up until today, your firm has had two divisions (A) and (B). Both divisions have never had any leverage and will not take on leverage in the future. Division A is expected to generate unlevered free cash flows (FCFs) of $110 million annually in perpetuity. Division B is expected to generate FCFs of $240 million annually in perpetuity. Both divisions generate the first FCF in one year from today. You have selected the following two comparable firms to determine your firm's asset beta.

The comparable firm for Division A, called Comp A, has a market value of $440 million and always continuously rebalances to a debt-to-equity ratio of 60%. Comp A has $420 million of identifiable assets. Comp A's expected return on debt is 6%, and its expected return on equity is 11%.

The comparable firm for Division B, called Comp B, has a market value of $490 million, and always continuously rebalances to a debt-to-equity ratio of 1. Comp B has $250 million of identifiable assets. Comp B's expected return on debt is 5% and its expected return on equity is 10%.

The market risk premium is 5% and the risk-free rate is 2%. Assume that the CAPM holds. Suppose you are selling Division A today and pay out the cash proceeds as a dividend. The corporate tax rate is 25%. What is your firm's weighted average cost of capital going forward?