Alpha products maintains a capital structure of 40 percent debt and 60 percent common equity. to finance its capital budget for next year, the firm will sell $50 million of 11 percent bonds at par value (assume no flotation costs). the firm will finance the rest of its $125 million in capital expenditures with retained earnings. next year, alpha expects net income to grow 7 percent to $140 million, and dividends also are expected to increase 7 percent to $1.40 per share and to continue growing at that rate for the foreseeable future. the current market value of alpha's common stock is $30 per share. if the firm has a marginal tax rate of 40 percent, what is its weighted cost of capital for next year?