Given the following information, calculate WACC for Wood-Tech:

Additional information: Company's Beta is 2.

Exhibit 5 Historical Financial Statements Estimated 12/31/04 $ 2,036,081 $ 2,317,440 2,941,911$2,602,939 $ 1,502,483 1,056,90.2 $ (236,516) 181,077$890,266$ 116,440445,581 638,119 $ (780,858) (423,953302,470$ (624,254)$(192,538) Actual 12/31/00 12/31/01 12/31/02 12/31/03 Income Statement Net Sales Cost of Goods Sold Gross Profit GS&A Operating Income Other Income Interest Income Before Tax Income Tax After Tax Profit 2,272,597 2,136,363 2,051,645 2,486,499 544,342 605,030 587,796 740,694 107,883 6,379 89 132,643 $ (325,181) 112,423 $ (780,858) (316,070308,760 736,6 $ (780,858) (316,070308,760 736,6 $ (325,181) Financial Market Rates Treasury Bill, 30 Day Treasury Bond, 10 Year Prime Rate Corporate Bonds 1.92% 4.23% 5.14% 5.47% 6.15% 8.47%, High Yield Market Risk Premium, 1928-2003 6.54% Exhibit 5 Historical Financial Statements Estimated 12/31/04 $ 2,036,081 $ 2,317,440 2,941,911$2,602,939 $ 1,502,483 1,056,90.2 $ (236,516) 181,077$890,266$ 116,440445,581 638,119 $ (780,858) (423,953302,470$ (624,254)$(192,538) Actual 12/31/00 12/31/01 12/31/02 12/31/03 Income Statement Net Sales Cost of Goods Sold Gross Profit GS&A Operating Income Other Income Interest Income Before Tax Income Tax After Tax Profit 2,272,597 2,136,363 2,051,645 2,486,499 544,342 605,030 587,796 740,694 107,883 6,379 89 132,643 $ (325,181) 112,423 $ (780,858) (316,070308,760 736,6 $ (780,858) (316,070308,760 736,6 $ (325,181) Financial Market Rates Treasury Bill, 30 Day Treasury Bond, 10 Year Prime Rate Corporate Bonds 1.92% 4.23% 5.14% 5.47% 6.15% 8.47%, High Yield Market Risk Premium, 1928-2003 6.54%