AutoSave oFF Chapter 13 Homework Q Search Sheet Homc Insert Page Layout Formulas Data Review View Share -Insert Calibri (Body)11 AA-_ Wrap Text General Delete 1 u, i..-:, d A, Merge & Center, S, 96 , *.0.00 conditional Format Cell Sort & Formatting as Table Styles Format N17 2 Finding the WACC Titan Mining Corporation has 8.7 million shares of common stock outstanding and 230,000 6.4 percent semiannual ds outstanding, par value $1,000 each. The common stock currently sells for $37 per share and has a beta of 1.20, and the bonds have 20 rs to maturity and sell for 104 percent of par. The market risk premium is 7 percent, T-bills are yielding 3.5 percent, and the company's tax e is 35 percent. hat is the firm's market value capital structure? f the company is evaluating a new investment project that has the same risk as the firm's typical project, what rate should the firm use to nt the project's cash flows? Number of Shares Price of Shares Beta Market Risk Premium Risk-Free Rate 8,700,000 $ 37.00 1.20 3.50% Number of Bonds Par Value Price of Bonds Coupon Frequency Coupon Rate Tax Rate 230,000 1,000.00 6.40% 35.00% 10 12 13 14 15 16 17 18 19 20 Problem 13.02 Problem 13.03 Problem 13.06 Problem 13.12 Ready 130%