CALCULATE WACC

Calculate WACC You are given the following information for Watson Power Co. Assume the company's tax rate is 35 percent. Also, what is the pretax cost of debt? What is the after-tax cost of debt? Debt: 6,000 6.7 percent coupon bonds outstanding, $1,000 par value, 25 years to maturity, selling for 103 percent of par; the bonds make semiannual payments. Common stock: 390,000 shares outstanding, selling for $57 per share; the beta is 1.13. Preferred stock: 17,000 shares of 4 percent preferred stock outstanding, currently selling for $77 per share. Market: 6 percent market risk premium and 4.7 percent risk-free rate