E connect FINC 31O0 FALL 2017: FAL FINANCE CH 14 Question 4 (of 7) value 10.00 points You are givery the following information for Lightning Power Co. Assume the company's tax rate is 40 percent 5 000 7 2 percent coupon bonds outstanding, $1,000 par value 30 years to maturity selling for 108 percent of par, the bonds make semiannual payments Debt Common stock 440 000 shares outstanding, selling for $62 per share, the beta is 1.05 Preterred stock 22 000 shares of 3 percent preferred stock outstanding, currently selling for $82 per share Market 11 percent market risk premium and 5 20 percent risk free rate What is the company's WACC? (Do not round intermediate calculations and round your final answer to 2 decimal places. te.o. 32.16)) WAC Hints ReferenceseBook & Resources Hint#1 SC F2 F3 F4 F5 F6 F7