Calculation of weighted average cost of capital?

Hello everyone, I really need help with this question. PLEASE HELP !!!!!!! AAA is funded Inc. 60% equity and 40% debt. Today, debt has an interest rate before tax of 12%. The common shares of the operations of the AAA at $ 15 per action and its most recent dividend was $ 1. Future dividends is expected to grow by 4%. If the tax rate is 34%, what is the weight of the AAA average cost capital (WACC)?

WACC = (weight of debt) * (rate debt) * (1-tax rate) + (weight of equity) * (cost of capital) is given RD = 12% and WD = 0.40 and the tax rate = 34% to find the cost of capital = (year-end dividend D1) / (price now P0) + dividend growth rate at the end of D1 year = $ 1.00 * (1 + 0.04) = $ 1.04 Price now P0 = growth rate of $ 15.00 g = 0.04 for re = 1.04/15 + .04 = So 10.93% that WACC = [(0.40) * (0.12) * (1-0.34)] + [(0.60) * (0.1093)] = 9.726%

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