Problem 13-9 Calculating the WACC Filer Manufacturing has 8.0 million shares of common stock outstanding. The current share price is $50, and the book value per share is $5. Filer Manufacturing also has two bond issues outstanding. The first bond issue has a face value of $69.4 milion and a coupon rate of 6.7 percent and sells for 108.6 percent of par. The second issue has a face value of $59.4 million and a coupon rate of 7.2 percent and sells for 108.3 percent of par. The first issue matures in 9 years, the second in 26 years. share is s5. Filer Manufacturgn ate of 6.7percent and Suppose the company's stock has a beta of 1.3. The risk-free rate is 2.8 percent, and the market risk premium is 6.7 percent. Assume that the overall cost of debt is the weighted average implied by the two outstanding debt issues. Both bonds make semiannual payments. The tax rate is 40 percent. What is the company's WACC? (Do not round intermediate calculations and round your answer to 2 decimal places. (e.g., 32.16) WACC 0