Checked A B E WACC For Bonds Years until maturity Coupon rate (assume annual coupon payments) Face Current Price Number of bonds outstanding 20 7.10% 1,000 890 25,000 For Preferred Stock Price of Preferred Stock 31.69 Dividend on Preferred 3.34 Number or preferred shares outstanding 31,100 For Common Stock Common price 25.42 Estimated growth rate in dividends 2.40% Estimated dividend in one year 2.63 (Assume annual dividends) Number of common shares outstanding 824,000 Tax rate What is WACC? A Between 0.0% and 8.0% B Between 8.0% and 10.0%| C Between 10.0% and 12.0% D Between 12.0% and 16.0% 36.80% H