Given the following information for Lightning Power Co., find the WACC. Assume the companys tax rate is 35%. Debt: 8,000 6.5% coupon bonds outstanding, $1,000 par value, 25 years to maturity, selling for 106% of par. The bonds make semi-annual payments Common Stock: 310,000 shares outstanding, selling for $57 per share; the beta is 1.05 Preferred Stock: 15,000 shares outstanding with a dividend of $4 each, currently selling for $72 per share 7% market risk premium and 4.5% risk free rate.

What is the:

YTM on Debt

Cost of Preferred Stock

Cost of Equity

Weighted Cost of Equity

WACC