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 $1,136 per share For 2019: Cost of Equity - 17.2% Cost of Debt - 9,0% Current corporate tax rate 29.0% As a Financial Analyst at Johnson & Johnson, what is WACC? PLEASE SHOW YOUR CALCULATIONS AND CIRCLE THE ANSWER Calculation of WACC: WACC (D/V) kd (1 - Tm) + (E/M) ke D/V EN 11 11 11 Tm kd ke WACC 11