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Williams, Inc., has compiled the following information on its financing costs: Types of Financing Book Value Market Value Cost Short-term debt $13,703,769 $16,763,690 3.6% Long-term

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Williams, Inc., has compiled the following information on its financing costs: Types of Financing Book Value Market Value Cost Short-term debt $13,703,769 $16,763,690 3.6% Long-term debt $26,447,037 $23,647,717 7.6% Common Stock $8,000,514 $59,515,252 14.2% The company is in the 30% tax bracket. What is the company's weighted average cost of capital using book value weights

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