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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
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 Step by Step Solution
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