jacks construction co has 80,000 bonds outstanding that are selling at par value bonds with similar characteristics are yielding 8.

jacks construction co has 80,000 bonds outstanding that are selling at par value bonds with similar characteristics are yielding 8.5%. The company also has 4 million shares of common stock outstanding. The stock hs a beta of 1.1 and sells for $40.00 a share. The us treasury bill is yielding 4% and the market risk premium is 8% Jacks tax rate is 35%. What is jacks weighted average cost of capital?