Balance Sheets $($in thousands of dollars$)$

$202220212020$

Cash $302030$

Accounts receivable $200395430$

Inventory $400510640$

Current assets $6309251100$

Gross fixed assets $100010001650$

Accumulated depreciation $180220280$

Net fixed assets $8207801370$

Total assets $145017052470$

Accounts payable $250300375$

Accruals $200260315$

Notes payable $100150280$

Current liabilities $550710970$

Long$-$term debt $($bonds$)500500700$

Preferred stock $000$

Common stock $2525200$

Paid$-$in capital $7575100$

Retained earnings $300395500$

Total liab & equity $145017052470$

Income Statements $($in thousands of dollars$)$

$202220212020$

Sales $400048005800$

Operating expenses $364045205560$

Depreciation expense $404060$

EBIT $320240180$

Interest expense $405070$

EBT $280190110$

Taxes $(40\%)1127644$

NI $16811466$

Total cash dividends $111911$

Shown above are comparative financial statements for Miami Publishing Company.

Assume the following:

cost of debt from corporate bonds Rd $=12\%$

cost of preferred stock Rps $=0\%$

cost of common equity Rce $=19\mathrm{.}5\%.$

Use the information above to calculate the company's weighted average cost of capital $($WACC$).$

NOTE.............use financial statement data for the year $2022.$

For the toolbar, press ALT$+$F$10($PC$)$ or ALT$+$FN$+$F$10($Mac$).$