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Q 1 2 . Consider the following information for Company ABC. Current stock price is $ 6 8 per share, and there are 1 8

Q12. Consider the following information for Company ABC. Current stock price is $68 per share, and there are 18 million shares outstanding. Beta is 0.8. The current value of the company's debt is $680 million, with pre-tax cost of debt being 6.9%. The company is subject to a tax rate of 21%. Treasury bills yield 3%, and the expected return on the S&P 500 index is 7%. Based on this information, what is the company's weighted average cost of capital (WACC)?(15 points)

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