Given the following information for Lightning Power Co., find the WACC. Assume the companys tax rate is 35 percent.

Debt

10,000, 5% semi-annual payment coupon bonds outstanding. $1,000 par value, 30 years to maturity. Selling for 98% of par value.

Common Stock

500,000 shares outstanding, selling for $70 per share, the beta is 1.2

Market

8% market risk premium and 4% risk-free rate

Please show work or add excel sheet please. Thank you!