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Please help me to do it, thank you The Saunders Investment Bank has the following financing outstanding. Debt 20,000 bonds with a coupon rate of

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The Saunders Investment Bank has the following financing outstanding. Debt 20,000 bonds with a coupon rate of 12 percent and a current price quote of 110; the bonds have 20 years to maturity. 190,000 zero coupon bonds with a price quote of 20.5 and 30 years until maturity. Assume semiannual compounding. Preferred stock: 110,000 shares of 10 percent preferred stock with a current price of $85, and a par value of $100 Common stock: 2,200,000 shares of common stock, the current price is $71, and the beta of the stock is 1.45. The corporate tax rate is 30 percent, the market risk premium is 5 percent, and the risk- free rate is 2 percent. Market What is the WACC for the company? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places (e.g., 32.16).) WACC

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