Consider the after-tax cash flows below from a project that is being considered by Despondus Corporation. Since the project is an extension of the firm's current business, it carries the same risk as the overall firm. Year 0 1 2 3 4 5 Cash Flow -$254,000 $95,000 $67,000 $111,000 $91,000 $98,000 Despondus Corporation's common stock is currently priced at $143.57, and there are 749,000,000 shares outstanding. A dividend of $3.66 per share was just paid, and dividends are expected to grow at a constant rate of 5.11% per year. The company has 7,620,000 bonds outstanding that mature in 16 years and are currently priced at $991 per bond. The coupon rate is 8.8%, and the bonds make semiannual interest payments. The company's tax rate is 37%.
What is Despondus Corporation's weighted average cost of capital (WACC)?