A fir has 2000 bonds outstanding with a 1000USD face value, and 9% coupon rate, 8 years to maturity, annual interest payments, and sells at 92% of face value. The firm also has 4000 shares of common stocks outstanding at a market price of 59USD a share and beta of 0.7. The risk-free rate is 5% the market return is 11% and tax rate is 35%. What is WACC?
