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9. Given the following information for Watson Power Co., find the WACC. Assume the company's tax rate is 30% Debt: 15,000 shares of 8.0 percent

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9. Given the following information for Watson Power Co., find the WACC. Assume the company's tax rate is 30% Debt: 15,000 shares of 8.0 percent coupon bonds outstanding with 20 years to maturity, selling at 99% of par. Coupon payments are made semiannual Common Stocks: 495,000 shares outstanding, selling for S22 per share. Recently paid a dividend of S2.00 and has an expected growth rate of 6% Preferred Stocks: 15.000 shares of 9% preferred stocks outstanding. currently selling at 99% of par Open Word 19

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