I want some assistance with the given scenario:
Problem: Suppose that a firm is at its target capital structure of 40% debt and 60% equity. It has bonds outstanding that mature in 10 years with annual coupon payments of 10% of par value of $1,000. The bonds are currently priced at $1,100. The market risk premium is 5% and the risk free rate is 4% and the beta for the firm is 0.95. The firm's tax rate is 40%. What is the firm's WACC?