What is your firm's Weighted Average Cost of Capital (input as a raw number rounded to four digits, i.e. if your answer is 7.1356%, enter 7.1356)?

Corporate taxes are 21%. The firm is financed with the following securities:

• • Common Equity:
    • 4800000 shares
    • price per share = $47
    • =1.10, Mkt Risk Premium = 5%, Risk-free rate = 3%.
  • Debt:
    • 220000 bonds
    • face value per bond = $1000
    • market price per bond= $1095
    • coupon rate = 3%, 5 years to maturity (assume semi-annual payment).