Question: White Chain Print L... t em' straight bik.. Save & E Saved Help Johnny Cake Ltd. has 14 million shares of stock outstanding selling at

White Chain Print L... t em' straight bik.. Save & E Saved Help Johnny Cake Ltd. has 14 million shares of stock outstanding selling at $19 per share and an issue of $70 million in 8 percent annual coupon bonds with a maturity of 18 years, selling at 94.5 percent of par. The Par Value of each bond is $1,000. Assume Johnny Cake's weighted-average tax rate is 34 percent, its next dividend is expected to be $3 per share, and all future dividends are expected to grow at 4 percent per year, indefinitely What is its WACC? (Do not round intermediate cealculations. Round your finel answer to 2 decimal places.) WACC %

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