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Your firm is has equity of $1,110,000.00 and debt of $3,080,000.00. The firm has been estimate to have a beta of 0.60 and the expected

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Your firm is has equity of $1,110,000.00 and debt of $3,080,000.00. The firm has been estimate to have a beta of 0.60 and the expected market risk premium (MRP) is 2.96% with the risk-free rate at 3.54%. The firm just recently issued bonds which traded at $937.35 on it's issue date and they have a 10-year maturity (assume standard corporate bonds). The stated rate on the bonds was 4.10%. What is your firm's weighted average cost of capital (WACC) if the tax rate is 34.00%? (enter your value as a percent (i.e. 20.5 for 20.5%) tolerance is 0.1)

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