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You have come up with the following data concerning Zion Company. * The company has 2,500,000 shares. * The company's debt is 90% from the

You have come up with the following data concerning Zion Company.

* The company has 2,500,000 shares.

* The company's debt is 90% from the company market value. The interest rate paid last year by the company was $500,000.

* The company paid total dividends of $800,000 last year, which is 25% of its pretax profit, and its expected growth next year is $50,000 more.

* The company paid taxes of $950,000.

* The cost of capital requested by the investors is 13%

What is the company's WACC?

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