1. Information on Zebra Co., is shown below. Assume the companys tax rate is 23 percent.

Debt: 16,800 5.9 percent coupon bonds outstanding, $1,000 par value, 25 years to maturity, selling for 106.4 percent of par; the bonds make semiannual payments.

Common stock: 550,000 shares outstanding, selling for $81.75 per share; beta is 1.15.

Preferred stock: 21,500 shares of 4.15 percent preferred stock outstanding, currently selling for $91.30 per share. The par value is $100.

Market: 6.4 percent market risk premium and 2.9 percent risk-free rate.

What is the company's WACC?

2. Two-Two Corporation has 6.4 million shares of common stock outstanding, 320,000 shares of 4.65 percent preferred stock outstanding, par value of $100, and 73,000 5.6 percent semiannual bonds outstanding, par value $2,000 each. The common stock currently sells for $74.25 per share and has a beta of 1.14, the preferred stock currently sells for $101.60 per share, and the bonds have 23 years to maturity and sell for 96.1 percent of par. The market risk premium is 6.8 percent, T-bills are yielding 3.4 percent, and the firms tax rate is 25 percent.

What is the company's WACC?

3. Please see below for Three-Three Corporation's information.

Debt: 9,700 7.2 percent coupon bonds outstanding, with 23 years to maturity and a quoted price of 105.75. These bonds have a par value of $1,000 and pay interest semiannually.

Common stock: 260,000 shares of common stock selling for $65.20 per share. The stock has a beta of .97 and will pay a dividend of $3.40 next year. The dividend is expected to grow by 5.2 percent per year indefinitely.

Preferred stock: 8,700 shares of 4.60 percent preferred stock selling at $94.70 per share.

Market: 11.3 percent expected return, a risk-free rate of 3.95 percent, and a 22 percent tax rate.

What is the company's WACC?

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