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PLEASE SHOW ALL WORK!! 3. Given the following data for Water's Beginning firm: Yield to maturity of the bond is 9% The risk-free rate is

PLEASE SHOW ALL WORK!!
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3. Given the following data for Water's Beginning firm: Yield to maturity of the bond is 9% The risk-free rate is 4%, and analysts' expected return for the market is 14%. Water's Beginning stock has a beta of 1.2 and is in the 24% marginal tax bracket. The firm uses 40% debt and 60% df equity. Calculate the WACC for the firm

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