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

$50par

\ value preferred stock with a price of

90%

and an annual dividend of

$2.00

; and 3 million shares of\ common stock at a current price of

$10

and a beta of 1.4 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