Next years dividend is expected to be 239 and it is


Marie Corp. has $1743 in debt outstanding and $2527 in common stock (and no preferred stock). Its marginal tax rate is 40%. Marie's bonds have a YTM of 6.2%. The current stock price (Po) is $50. Next year's dividend is expected to be $2.39, and it is expected to grow at a constant rate of 8% per year forever. The company's W.A.C.C. is ____%.

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Financial Management: Next years dividend is expected to be 239 and it is
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