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Connect HW13 0 Saved 8 You are given the following information for Lightning Power Co. Assume the company's tax rate is 21 percent. Debt: 6,000

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Connect HW13 0 Saved 8 You are given the following information for Lightning Power Co. Assume the company's tax rate is 21 percent. Debt: 6,000 5.5 percent coupon bonds outstanding, $1,000 par value, 21 years to maturity, selling for 103 percent of par, the bonds make semiannual payments. 1 points Common stock: 390,000 shares outstanding, selling for $57 per share, beta is 134. eBook Hint Preferred 16,500 shares of 3.3 percent preferred stock outstanding, currently stock: selling for $78 per share. The par value is $100 per share. Market: 5 percent market risk premium and 4.3 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.) Print WACC % Mc Graw H MacBook Air

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