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Bonds: The company issued 240,000 bonds. The bonds have a $1,000 face value with 8.5% coupons with annual payments, 25 years to maturity, and currently

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Bonds: The company issued 240,000 bonds. The bonds have a $1,000 face value with 8.5% coupons with annual payments, 25 years to maturity, and currently sell for $940. The marginal tax rate is 4%. Equity: The company has 9,000,000 shares of (common) stock outstanding, selling for $68 per share. The company's beta is 1.25, the risk free rate is 1%, and the market risk premium is 8%. 5. What is the company's weighted average cost of capital

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