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13.13 Given the following information for Huntington Power Co., find the WACC. Assume the company's tax rate is 35 percent Debt: 5,000 6 percent coupon
13.13 Given the following information for Huntington Power Co., find the WACC. Assume the company's tax rate is 35 percent Debt: 5,000 6 percent coupon bonds outstanding $1.000 par value, 25 years to maturity, selling for 10S percent of par; the bonds make semiannual payments. Common stock: 175,000 shares outstanding, selling for $58 per share; the beta is 1.10. Market 7 percent market risk premium and S percent risk-free rate
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