You want to estimate the WACC for Acromantula Corporation. They have 1,250,000 shares of common stock outstanding, which paid a $2.50 dividend per share last year (you expect this to grow by 4% annually). The firm has a beta of 1.4, the risk-free rate is 1.2% and the expected market return is 9%. They have no preferred stock. They have $22,000,000 (face value) in debt, with 21 years to maturity, a 7% semiannual coupon, and a current price quote of $1011.29 (per $1000 of face value). Their tax rate is 28%. What is their WACC?

Assumptions
Shares of Common Stock
Dividend per share				Cost of debt
Dividend growth rate				Cost of equity
Beta				Cost of preferred
Risk-free rate
Expected Market Return
Face value of debt				Value of debt
Years until maturity				Value of equity
Semiannual coupon				Value of preferred
Current Price of debt
Tax rate
				Weight of debt
				Weight of equity
				Weight of preferred
WACC