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Please use top information to answer the last question for WACC! As soon as possible GHI Company's current share price is $19.45 and it is

image text in transcribedimage text in transcribedimage text in transcribedPlease use top information to answer the last question for WACC! As soon as possible

GHI Company's current share price is $19.45 and it is expected to pay a $1 dividend per share next year. After that, the firm's dividends are expected to grow at a rate of 5.1% per year. What is an estimate of GHI Company's cost of equity ? Enter your answer as a percentage and rounded to 2 DECIMAL PLACES. Do not include a percent sign in your answer. Enter your response below. 10.24 Correct response: 10.24+0.01 Click "Verify" to proceed to the next part of the question. GHI Company also has preferred stock outstanding that pays a $1.7 per share fixed dividend. If this stock is currently priced at $29.95 per share, what is GHI Company's cost of preferred stock? Enter your answer as a percentage and rounded to 2 DECIMAL PLACES. Do not include a percent sign in your answer. Enter your response below. 5.68 correct response: 5.6810.01 Click "Verify" to proceed to the next part of the question. GHI Company has existing debt issued three years ago with a coupon rate of 6%. The firm just issued new debt at par with a coupon rate of 5.9%. What is GHI Company's pre-tax cost of debt? Enter your answer as a percentage. Do not include a percent sign in your answer. Enter your response below. 5.9 correct response: 5.980.01 Click "Verify" to proceed to the next part of the question. GHI Company has 5 million common shares outstanding and 1 million preferred shares outstanding, and its equity has a total book value of $60 million. Its debt has a market value of $25 million. If GHI Company's common and preferred shares are priced at $19.45 and $29.95, respectively, what is the market value of GHI Company's assets? Enter your answer in millions of dollars. V = 152.2 correct response: 152.20.01 million Click "Verify" to proceed to the next part of the question. GHI Company faces a 35% tax rate. Using the correct answers from the previous parts, what is the company's WACC? Enter your answer as a percentage and rounded to 2 DECIMAL PLACES. Do not include the percentage sign in your answer. WACC = Number Click "Verify" to proceed

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