$38.$ Pull n Win Company uses $30\%$ debt and $70\%$ common equity in its capital structure. Given the following information, what is the weighted average cost of capital $($WACC$)$ for Pull n Win?

Before$-$tax cost of debt $=8\%$

Corporate tax rate $=40\%$

Dividend growth rate $=5\%$

Current common stock price $=$ $$50$

Recent dividend $=$ $$4\mathrm{.}60$

$11\mathrm{.}10\%$

$12\mathrm{.}06\%$

$10\mathrm{.}72\%$

$12\mathrm{.}88\%$

$11\mathrm{.}70\%38.$ Pull n Win Company uses $30\%$ debt and $70\%$ common equity in its capital structure. Given the following information, what is the weighted average cost of capital $($WACC$)$ for Pull n Win?

Before$-$tax cost of debt $=8\%$

Corporate tax rate $=40\%$

Dividend growth rate $=5\%$

Current common stock price $=$ $$50$

Recent dividend $=$ $$4\mathrm{.}60$

$11\mathrm{.}10\%$

$12\mathrm{.}06\%$

$10\mathrm{.}72\%$

$12\mathrm{.}88\%$

$11\mathrm{.}70\%$