The expected return on the market is 12.75%, the risk-free rate is 4.53%, and the tax rate is 18.00%. Semper Fun Sports has 300,000 common shares outstanding that are priced at $41.40 per share and have an expected return of 17.11% and an expected real return of 14.79%. Last year, Semper Fun Sports common stock had a return of 11.44%. The company also has 400,000 shares of preferred stock outstanding that are priced at $15.39 per share and have an expected return of 13.41% and an expected real return of 11.07%. Last year, Semper Fun Sports preferred stock had a return of 8.47%. Finally, the company has 10,000 bonds outstanding with a coupon rate of 9.69%, yield-to-maturity of 4.32%, current yield of 8.61%, face value of $1,000.00, and price of $1,300.00. What is the weighted average cost of capital for Semper Fun Sports
