PROBLEM STATEMENT: As of November 25, 2019, Johnson & Johnson has 1,900,000 shares of basic common stock outstanding with price = $136.94 per share As of November 25, 2019, Johnson & Johnson has 800,000 shares of Treasury stock outstanding with price $136.94per share There are 32,000 of corporate AAA bond outstanding with market price = $1,135 per share For 2019: Cost of Equity = 17.2%; Cost of Debt = 9.0% Current corporate tax rate - 28.0% As a Financial Analyst at Johnson & Johnson, what is WACC? PLEASE SHOW YOUR CALCULATIONS AND CIRCLE THE ANSWER 11 1,900,000 Shares 11 800,000 Shares "Basic" shares Outstanding "Treasury" shares Outstanding Total "Diluted" Shares Price per share Debt 2,700,000 Shares $136.94 11 Shares Price per share Equity Debt Value of Debt + Equity kd ke tim =