Calculating WACC

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An Analyst has collected the following information regarding Christopher Co.: * The company's capital structure is 70 percent equity, 30 percent debt, * The yield tp maturity on the comapy's bond is 9 percent, * The company's year-end dividend is forcasted to be $0.08 a share, * The company expectes that its dividend will grow at a constant rate of 9 percent a year, * The company's stock price is $25.00, * The company's tax rate is 40 percent, * The company anticipates that it will need to raise nes common stock this year. The investment bankers anticipate that the total flotation cost will equal 10 percent of the amount issued. Assume the company accounts for flotation costs by adjusting the cost of captial. Given this information, calculate the company's WACC.