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Compute the WACC for a company in the 20% tax bracket if it has a $5 million bond issue with 10 years to maturity a

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Compute the WACC for a company in the 20% tax bracket if it has a $5 million bond issue with 10 years to maturity a 4% annual coupon (paying semi-annually) and a market price of 101.5; $4 million of $50 par value preferred stock with a price of 95% and an annual dividend of $1.00; and 2 million shares of common stock at a current price of $20 and a beta of 1.2 when the risk free rate of return is 3% and the market rate of return is 10%

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