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please help with work You are given the following information for Lighting Power Company. Assume the company's tax rate is 24 percent Debt 24,000 73

please help with work
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You are given the following information for Lighting Power Company. Assume the company's tax rate is 24 percent Debt 24,000 73 percent coupon bonds outstanding. $1,000 par value, 18 years to maturity, selling for 107 percent of par, the bonds make semiannual payments Common stock 570,000 shares outstanding, selling for $75 per share the beta is 119. Preferred 25.500 shares of 51 percent preferred stock outstanding, a $100 par stock value. currently seling for $96 per share. Market 6 percent market risk premium and 49 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 90

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