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Homework: Chapter 17 Save Score: 5 of 23 pts 12 of 23 Question 12: Problem 17.LO3.46 (similar to) Question Help Settings Neversag Inc., the silicone
Homework: Chapter 17 Save Score: 5 of 23 pts 12 of 23 Question 12: Problem 17.LO3.46 (similar to) Question Help Settings Neversag Inc., the silicone implant company has 3 million shares of common stock outstanding which currently trade for $50 per share. The company also has 200,000 bonds each with a face value of $1,000 and annual coupons of $40. The bonds have 4 years to maturity and the next coupon is due in one year. The yield on the bonds is 4%. The company's beta is 1.4, the risk free rate is 1% and the expected return on the market is 6%. The tax rate is 48%. What is Neversag's WACC? Neversag's WACC is %. (Round to two decimal places as needed.) Enter your answer in the answer box and then click Check Answer. All parts showing Clear All Check
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