WACC The current stock price for a company is $38 per share, and there are 4 million shares outstanding. The beta for this firms stock is 1, the risk-free rate is 4.2, and the expected market risk premium is 6%. This firm also has 90,000 bonds outstanding, which pay interest semiannually. These bonds have a coupon interest rate of 9%, 22 years to maturity, a face value of $1000, and a current price of 1,063.64. If the corporate tax rate is 36%, what is the weighted average cost of capital for this firm (WACC)?