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A company has the following information, find its WACC. Assume the company's tax rate is 25 percent. Debt: 40,000, 6 percent coupon bonds outstanding, $1,000

A company has the following information, find its WACC. Assume the company's tax rate is 25 percent. Debt: 40,000, 6 percent coupon bonds outstanding, $1,000 par value, 20 years to maturity, selling for 102 percent of par; the bonds make annual coupon payments. Common stock: 1,000,000 shares outstanding, selling for $57 per share; the beta is 1.84. Market: 6 percent market risk premium and 2 percent risk-free rate.

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