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Conslder the following Information for Evenflow Power Co., Debt maturity, selling for 105 percent of par, the bonds make semiannual payments. 120,000 shares outstanding, selling
Conslder the following Information for Evenflow Power Co., Debt maturity, selling for 105 percent of par, the bonds make semiannual payments. 120,000 shares outstanding, selling for $64 per share; the beta is 114. 17,000 shares of 7 percent preferred stock outstanding, currently selling for $108 per share. 10 percent market risk premlum and 6 percent risk-free rate. Common stock Preferred stock Market Assume the company's tax rate Is 35 percent Required: Find the WACC. (Do not round your intermediate calculations.) 0 11.98% O 12.51% 0 11.78% O 11.48% o 11.58%
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