24. Calculating the WACC. Your company has three million shares of common stock outstanding with a par value of $1 and a current market price of $28. The market risk premium is 7.5 percent, and Treasury bills are yielding 6.25 percent. There are also 50,000 bonds outstanding with an 8 percent semiannual coupon, 18 years to maturity, and a current price of 94. If the stock has a beta of 1.10, what is the WACC for your company? The tax rate is 35%. 25. Calculating the WACC. Gnomes R Us is considering a new project. The company has a debt-equity ratio of .50. The company's cost of equity is 14.5 percent, and the aftertax cost of debt is 6.75 percent. The firm feels that the project is riskier than the company as a whole and that it should use an adjustment factor of +3 percent. What is the WACC it should use for the project