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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 $10,278,485 $17,634,562 4.9% Long-term

Williams, Inc., has compiled the following information on its financing costs:

Types of Financing Book Value Market Value Cost
Short-term debt $10,278,485 $17,634,562 4.9%
Long-term debt $23,749,984 $29,539,588 7%
Common Stock $9,353,188 $59,605,481 14.9%

The company is in the 31% tax bracket.

What is the company's weighted average cost of capital using book value weights?

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