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Excel please! Given the following information for Watson Power Co., find the WACC. Assume the company's tax rate is 35%. Debt: 10,000 6.0 percent coupon
Excel please!
Given the following information for Watson Power Co., find the WACC. Assume the company's tax rate is 35%. Debt: 10,000 6.0 percent coupon bonds outstanding with 20 years to maturity, selling at $1100. Coupon payments are made once a year. Common Stocks: 495,000 shares outstanding, selling for $64 per share. Recently paid a dividend of $4.00 and has an expected growth rate of 5%. Preferred Stocks: 35,000 shares of 5% preferred stocks outstanding, currently selling at parStep by Step Solution
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