Given the following information for Bellevue Power Co., find the WACC. Assume the companys tax rate is 35%. Debt: 5000 bonds outstanding with 7% coupon, $1000 par value, 20 years to maturity, selling for 92% of par; the bonds make semiannual payments. Common stock: 100,000 shares outstanding, selling for $57 per share; the beta is 1.15. Preferred stock: 13,000 shares of preferred stock outstanding, currently selling for $104 per share. The preferred stock pays a dividend of $7 each year. Market: 8% market risk premium and 6% risk-free rate.

Use the information below to determine a companys WACC (assuming a 40% tax rate): A corporation has 10,000 bonds outstanding with a 6% annual coupon rate, 8 years to maturity, a $1,000 face value, and a $1,100 market price. The companys 100,000 shares of preferred stock pays a $3 annual dividend, and sell for $30 per share. The companys 500,000 shares of common stock sell for $25 per share, have a beta of 1.5, the risk-free rate is 4%, and the market return is 12%.