Question: Marie Corp. has $ 1 , 7 0 2 in debt outstanding and $ 2 , 5 0 5 in common stock ( and no

Marie Corp. has $1,702 in debt outstanding and $2,505 in common stock (and no preferred stock). Its marginal tax rate is 30%. Marie's bonds have a YTM of 3.9%. The current stock price (P0) is $50. Next year's dividend is expected to be $2.23, and it is expected to grow at a constant rate of 7% per year forever. The company's W.A.C.C. is ____%.

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