Your company has 100,000 shares of common stock outstanding with a market price of $30 per share. Last month an annual dividend of $1.32 per share was paid. The dividend growth rate is 5%. You also have 5,000 bonds outstanding with a face value of $1,000 per bond. The bond carries an 8% coupon rate annual and will mature in 4.8 years. The bonds are selling at 99% face value. The company tax rate is 32%. What is the weighted average cost of capital?