Question: Expected to pay a 2.85 dividend at the year's end, the dividend is expected to grow at a rate of 4.50% & the common stock

Expected to pay a 2.85 dividend at the year's end, the dividend is expected to grow at a rate of 4.50% & the common stock currently sells for 35 a share. the before-cost order is 5.50% and the tax rate is 40%.

40% debt

60% equity

what is the WACC?

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