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Calculate the WACC of a given company according to the following information. Common Stock: 200,000 shares common stock selling for $66 per share. The stock
Calculate the WACC of a given company according to the following information.
- Common Stock: 200,000 shares common stock selling for $66 per share. The stock has a beta of 1.7.
- Market: The expected return on the market is 10.5%, and the risk-free rate of return is 2.5%.
- Debt: 15,000 5% coupon bonds outstanding, priced at 95.5% of the par value, with 15 years to maturity. These bonds pay interest semiannually.
- Preferred Stock: 50,000 shares of preferred stock with a dividend of $2.60 per share. It is currently selling at $100 per share.
- tax bracket = 35%
Please enter your answer as a PERCENT rounded to 2 decimal places.
Please HURRY, Thank You!
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