Finding WACC: Assume the tax rate is 35% Company has debt of: 8,000 6.5 % coupon bonds outstanding, $1000 par value, 20 yrs to maturity,selling for 92% of par, bonds make semiannual payments. Common stock of 250,000 shares outstanding, selling for $57 per share, beta is 1.05. Preferred stock of 15,000 shares of 5% outstanding, currently selling for $93.00 per share. There is an 8% market risk premium and 4.5% risk free rate