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Given the following information for a company, find its WACC. Assume the company's tax rate is 2 5 percent. Debt: 1 7 , 0 0

Given the following information for a company, find its WACC. Assume the company's tax rate is 25 percent. Debt: 17,000, 5.2 percent coupon bonds outstanding, $1,000 par value, 10 years to maturity, selling for 103 percent of par; the bonds make semiannual coupon payments. Common stock: 450,000 shares outstanding, selling for $60 per share; the beta is 1.60. Market: 7.2 percent market risk premium and 3.5 percent risk-free rate.

 10.01%

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