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my answer is worng Problem 13-11 Finding the WACC You are given the following information for Huntington Power Co. Assume the company's tax rate is

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Problem 13-11 Finding the WACC You are given the following information for Huntington Power Co. Assume the company's tax rate is 30 percent. Debt: 6,000 6.1 percent coupon bonds outstanding, $1,000 par value, 15 years to maturity, selling for 104 percent of par; the bonds make semiannual payments. 330,000 shares outstanding, selling for $51 per share; the beta is 1.07 6 percent market risk premium and 4.10 percent risk-free rate. Common stock: Market: What is the company's WACC? (Do not round intermediate calculations and round your answer to 2 decimal places. (e.g., 32.16)) WACC 8.65 %

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