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Please show all worked used to obtain answer. You are given the following information for Huntington Power Co. Assume the company's tax rate is 30

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Please show all worked used to obtain answer.

You are given the following information for Huntington Power Co. Assume the company's tax rate is 30 percent Debt: 6,000 7.9 percent coupon bonds outstanding, $1,000 par value, 25 years to maturity, selling for 108 percent of par, the bonds make annual payments. Common stock: 510,000 shares outstanding, selling for $69 per share; the beta is 1.12. Market: 10 percent market risk premium and 5.9 percent risk free rate. What is the company's WACC? (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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