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Cream and Crimson has a capital structure of 40% debt and 60% equity. The tax rate is 32%. The firm's bonds currently trade in the market for $784. These face value $1.000 bonds have a coupon rate of 8% paid semiannually, with 7 years to maturity. The firm's common stock trades for $15 per share. The dividend just paid was $2.00 and future dividends are expected to grow at 6% per year. Cream and Crimson's WACC is % 1) 15:55 2) 14.15 3) 15.70 4) 14.60 5) 15.86 Pre 41 Previous Par Nectare