We have some information from the book-value balance sheet of Myers Co. 4 Bonds (coupon rate is 9% and paid annually, : $20 million maturity is 5 years, the current YTM is 10%, par value is $1,000 per bond) Preferred stock (par value = $10 per share) : $2 million x A (with A: the last digit of your student ID, if the last digit is 0, use the digit before the last digit) Common stock (par value = $1 per share) : $1.5 million Additional paid-in surplus : $12 million Retained earnings : $7 million The preferred stock currently sells for $25 per share and pays a dividend of $3 a share. The common stock just paid an annual dividend of $2 per share and dividends are expected to grow at a rate of 3% per year indefinitely. The common stock has a beta equal to beta of the company you found in Part II Question 1. The market return is 15%, the Treasury bill rate is 4%, and the corporate tax rate is 30%. Calculate WACC of the company