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Information on Lightning Power Company, is shown below. Assume the company's tax rate is 2 3 percent. Debt: Common stock: Preferred stock: Market: 1 7

Information on Lightning Power Company, is shown below. Assume the company's tax rate is 23 percent.
Debt:
Common stock:
Preferred stock:
Market:
17,8006.1 percent coupon bonds outstanding, $1,000 par value, 21 years
to maturity, selling for 107.4 percent of par; the bonds make
semiannual payments.
600,000 shares outstanding, selling for $84.25 per share; beta is 1.20.
26,500 shares of 4.35 percent preferred stock outstanding, currently
selling for $92.30 per share. The par value is $100.
6.6 percent market risk premium and 3.2 percent risk-free rate.
What is the company's cost of each form of financing?
Note: Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g.,32.16.
Calculate the company's WACC.
Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.,32.16.
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