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Greene Co. is planning a project for which it will issue new bonds. Bonds in the same risk class and with the same covenants, issued
Greene Co. is planning a project for which it will issue new bonds. Bonds in the same risk class and with the same covenants, issued by another firm are currently priced at $954.90, have 25 years remaining to maturity, and pay coupons of $75 yearly, made in semi-annual payments. If Greene's marginal tax rate is 20.00%, it's cost of equity is 15.00% with an equity value of $23,000,000.00, and they have 15,000 bonds with a par value of $1,000.00 what is the WACC of this project?
Question 10 options:
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14.08%
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11.67%
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15.84%
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7.92%
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