Jake's Sound Systems Has 210,000 Shares of Ordinary Equity Outstanding

Jake's Sound Systems has 210,000 shares of ordinary equity outstanding at a market price of £36 a share.Last month, Jake's paid an annual dividend in the amount of £1.593 per share.The dividend
Growth rate is 4%.Jake's also has 6,000 bonds outstanding with a face value of £1,000 per bond.
The bonds carry a 7 % coupon, pay interest annually, and mature in 4.89 years.The bonds are
Selling at 99% of face value.The company's tax rate is 34%.What is Jake's weighted average cost of
Capital?

A) 5.3%
B) 5.8%
C) 6.3%
D) 6.9%
E) 7.2%