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(15 points) Given the following information for Huntington Power Co., find the WACC. Assume the company's tax rate is 35 percent. (Find the weights, cost

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(15 points) Given the following information for Huntington Power Co., find the WACC. Assume the company's tax rate is 35 percent. (Find the weights, cost of each source of capital (ka, kp and ke) and WACC) Debt :2,000 bonds outstanding. 4 percent coupon paid semiannually, $1,000 par value, 15 years to maturity, current market price of the bond is $889.0. Preferred Stock: 1,500 shares outstanding, selling for $101. Dividends are $5.5 a share. Common Stock :10,000 shares outstanding selling for $105 per share. The company recently paid 57 dividend per share and the dividends are expected grow at the constant rate of 4%. TT TT Paragraph Arial 3 (120) T

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