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Billick Brothers is estimating its WACC. The company has collected the following information: Its capital structure consists of 3 8 percent debt and 6 2

Billick Brothers is estimating its WACC. The company has collected the following information:
Its capital structure consists of 38 percent debt and 62 percent common equity.
The company has 12-year bonds outstanding with a 7.2 percent annual coupon that are trading at par.
The companys tax rate is 35 percent.
The risk-free rate is 5.7 percent.
The market risk premium is 2.3 percent.
The stocks beta is 1.
What is the companys WACC?

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