Given the following information for Birch Corp. find the WACC. Equity Information ? 50 million shares ? Current trading price is $8 per share ? Beta = 1.12 Debt Information ? $100 million in outstanding debt (face value) Market value $110 million 2 Coupon rate = 8%, semiannual coupons ? YTM = 7.584% Assume the company's tax rate is 32%. T-bills are currently yielding 5% and the expected return on the market is = 12%