You have been asked to estimate the weighted average cost of capital for the company. The following is the balance sheet and other information about that company. This company's stock is currently selling at $25.00 per share and its bonds are selling for $878.00 per bond. These bonds have an 8% annual coupon rate, with semiannual payments. The bonds mature in 15 years. The expected return on the market is 12%. The risk-free rate is 6%. The beta for the company is 1.3. Preferred stockholders require a 9% return. The marginal tax rate is 40%. Calculate the market value of capital to estimate the company's capital structure and assume this firm is operating at its target capital structure. Find the weighted average cost of capital