PRACTICE W$.$A$.$C$.$C$.$ PROBLEMS

Compute the WACC for a company in the $21\%$ tax bracket if it has a $$10$ million bond issue with $15$ years

to maturity a $5\%$ annual coupon $($paying semi$-$annually$)$ and a market price of $$945$;$$3$ million of $$50$par

value preferred stock with a price of $90\%$ and an annual dividend of $$2\mathrm{.}00$; and $3$ million shares of

common stock at a current price of $$10$ and a beta of $1\mathrm{.}4$ when the risk free rate of return is $3\%$ and the

market rate of return is $11\%.$ how do I solve this on a calculator