You need to estimate the weighted average cost of capital for your company. You have obtained the following market-value balance sheets and supplementary information about your company. Assets Current assets $60,000,000 Net plant, property, and equipment $240,000,000 Total Assets M Liabilities and Eguity Total liabilities $120,000,000 Common Stock $120,000,000 Retained Earnings $60,000,000 Total liabilities and shareholders equity $300,000,000 Current Stock Price $ 35.00 Stock Flotation Costs 10% ($3.50) Constant Growth Rate 5% (stock is a constant growth stock) Current Bond Price (Net) $853.33144 Bond Coupon $ 50.00 ($25.000 every six months) Bond Maturity 20 Years Equity Beta 1.40 Treasury Rate 3.80% Market Risk Premium 7.00% Tax Rate 40.0% Determine the best estimate of the WACC for your company, assuming that all equity will be raised in the form of retained earnings