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ces You are given the following information for Lightning Power Company. Assume the company's tax rate is 25 percent. Debt: Common stock: Preferred stock:
ces You are given the following information for Lightning Power Company. Assume the company's tax rate is 25 percent. Debt: Common stock: Preferred stock: Market: 20,000 6.9 percent coupon bonds outstanding, $1,000 par value, 23 years to maturity, selling for 109 percent of par; the bonds make semiannual payments. 530,000 shares outstanding, selling for $71 per share; beta is 1.19. 23,500 shares of 4.7 percent preferred stock outstanding, a $100 par value, selling for $92 per share. 7 percent market risk premium and 5.4 percent risk-free rate. What is the company's WACC? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. WACC %
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