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Looking for in an excel re-usable format You are given the following information for Huntington Power Co. Assume the companys tax rate is 40 percent.
Looking for in an excel re-usable format
You are given the following information for Huntington Power Co. Assume the companys tax rate is 40 percent. |
Debt: | 5,000 7.8 percent coupon bonds outstanding, $1,000 par value, 20 years to maturity, selling for 107 percent of par; the bonds make semiannual payments. |
Common stock: | 500,000 shares outstanding, selling for $68 per share; the beta is 1.11. |
Market: | 9 percent market risk premium and 5.8 percent risk-free rate. |
What is the company's WACC?(Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) |
WACC | % |
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