Estimate the WACC... Noncallable bonds mature in 20 years, have a 8% annual coupon, a par value of $1000, and a market price of $1050. The tax rate is 40%, risk free rate is 4.50%, the market risk premium is 5.50%, stock beta is 1.20, Target capital structure consists of 35% debt and the balance is common equity. The firm uses capm to estimate the cost of common stock, and it does not expect to issue any new shares. What is the WACC Please show all work. specific show bond yield, rd(1-t) and the WACC I clearly understand how to do the problem but my numbers are not add up properly. Thank You