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Given the following information for Columbia Power Co., find the WACC. Assume the company's tax rate is 35% Debt: 4,000, 7 % coupon bonds outstanding,

Given the following information for Columbia Power Co., find the WACC. Assume the company's tax rate is 35%

Debt: 4,000, 7 % coupon bonds outstanding, 1030 marketvalue, 20 years to maturity, face value 1000.

Common stock: 90,000 shares outstanding, selling for 60 per share; the beta is 1.10.

Preferred stock: 13,000 shares of 6 dividends, currently selling for 110 per share.

Market: 8 % market risk premium and 6 % risk-free rate.

please solve the question showing the formula and the steps to solve it

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