Oceans Inc. is estimating its WACC. From the following information, calculate its WACC: Its capital structure consists of 30 percent debt and 70 percent common equity. The company has 10-year bonds outstanding with a 9 percent annual coupon that are trading at par. The company's tax rate is 40 percent. The risk-free rate is 5.0 percent. The market risk premium (Rm - Rf] is 8 percent. The stock's beta is 1.1. (The CAPM formula is Rs = Rf + [Rm - Rf]*) Oceans Inc. is estimating its WACC. From the following information, calculate its WACC: Its capital structure consists of 30 percent debt and 70 percent common equity. The company has 10-year bonds outstanding with a 9 percent annual coupon that are trading at par. The company's tax rate is 40 percent. The risk-free rate is 5.0 percent. The market risk premium (Rm - Rf] is 8 percent. The stock's beta is 1.1. (The CAPM formula is Rs = Rf + [Rm - Rf]*)