5. Find the WACC Debt: Par value is 15,500,00, coupon payment is 6.4% with 25 years to maturity, selling for 108 percent of par. The bond makes semiannual payments. Common Stock: 495,000 shares outstanding, selling for $81 per share, beta is 1.20. The tax rate is 35%. Preferred Stock 20,000 shares of 4.2% preferred stock selling at $92 per share. Market: 7 percent market risk premium and 3.1 percent risk free rate