Your firm's capital structure consists of 60% debt and 40% common equity. The firm plans to issue new debt with twenty years until maturity and a $1,000 par value. The bonds will be priced at $985 per bond and pay a 6% coupon rate. The bonds will pay interest semiannually. Goldman Sachs will charge the firm 8% to prepare the bond issuance. The firm is in the 22% tax bracket. The firm's common stock will pay a $1.80 dividend per share, and dividends are expected to grow by 7% indefinitely. The firm's common stock is currently trading at $60 per share. What is the firm's weighted average cost of capital? 7.22% 6.87% 7.44% None of the Above Question 32 (7 points) Your firm is choosing which project(s) to select. The projects are mutually exclusive, and the returns are presented below. Which project(s) should the firm select? Your firm has a 5% weighted average cost of capital. Project A has an expected return of 3% Project B has an expected return of 8%