140,000 shares of common stock outstanding at a market price of $27 per share. next year's annual dividend is expected to be $1.43 per share and the dividend growth rate is 2%. the company also has 2,500 bonds outstanding with a face value of $1,000 per bond. the bonds have a pretax yield of 7.35% and sell at 98.2% of face value. the company's tax rate is 21%. what is the weighted average cost of capital? use the market value approach in calculating weights.
