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Given the following information for a corporation, find the WACC. Assume the company's tax rate is 21%. Debt 24,000 bonds with a 5 percent coupon
Given the following information for a corporation, find the WACC. Assume the company's tax rate is 21%. Debt 24,000 bonds with a 5 percent coupon rate, $1,000 par value, 25 years to maturity, selling for 100 percent of par; the bonds make annual coupon payments. Equity 575,000 shares outstanding, selling for $80 per share; the beta is 1.04. Market 7 percent market risk premium and 3.22 percent risk-free rate
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