You are estimating the WACC of your firm. There are 14 million common shares outstanding with a market price of $54 per share. The stocks beta is 1.15, the risk-free rate is 2.3% and expected market return is 12.4%. There is a single bond issue outstanding with a face value of $600 million. Individual bonds have a face value of $10,000, 15 years to maturity, and a 4.0% coupon rate with semi-annual payments. The current bond quote is 89.53. The firms marginal tax rate is 30%. Calculate the following:

A. Cost of equity (nearest 1/100 of one percent without % symbol, e.g. 6.98)? Answer

B. Cost of debt (nearest 1/100 of one percent without % symbol, e.g. 6.98)? Answer

C. Weighting of equity (nearest 1/100 of one percent without % symbol, e.g. 6.98)? Answer

D. Weighting of debt (nearest 1/100 of one percent without % symbol, e.g. 6.98)? Answer

E. Weighted average cost of capital (nearest 1/100 of one percent without % symbol, e.g. 6.98)? Answer