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Facebo. Bookmarks Quick Service Softw... demnal browser=0&launchurahttp%253A%252F%252Fnewconnectmeducation.com',2528/set My File 9 Top 15 Misconcept... MInbox (2,150)-bott.. Be Jeans Network Assign 26 saved You are given the
Facebo. Bookmarks Quick Service Softw... demnal browser=0&launchurahttp%253A%252F%252Fnewconnectmeducation.com',2528/set My File 9 Top 15 Misconcept... MInbox (2,150)-bott.. Be Jeans Network Assign 26 saved You are given the following information for Magrath Power Co. Assume the company's tax rate is 35% Debt 10,000 6.4% coupon bonds outstanding. $1.000 par value, 25 years to maturity, selling for 108% of par, the bonds make semiannual payments. Common stock 495,000 shares outstanding, selling for $63 per share the beta is 115. Preferred stock 35,000 shares of 3.5% preferred stock outstanding, currently selling for $72 per share. Market 7% market risk premium and 3.2% risk-free rate. What is the company's WACC? (Do not round Intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places.) WACC
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