Chapter 12 - assigned problems Swed 4 You are given the following information for Lightning Power Co. Assume the company's tax rate is 25 percent Debt 15 DO 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 Common stock 530,000 shares outstanding, selling for $71 per sharebetas 119 eBook Preferred 23.500 shares of 4.7 percent preferred stock outstanding, currently stock: selling for $92 per share. The per value is $100 per share. Market 7 percent market risk premium and 5.4 percent risk-free rate. What is the company's WACC? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g. 32.16.) References WACC X