Question 15 Not yet answered A firm has 3,000,000 shares of common stock outstanding with a market price of $1.2 per share. It has 2,000 bonds outstanding, each selling for $1,200. The bonds mature in 15 years, have a coupon rate of 10%, and pay coupons semi-annually. The firm's beta is 1.2, the risk free rate is 5%, and the market rate of return is 12%. The tax rate is 35%. Calculate the WACC. Marked out of 5.00 Flag question 7 A- B I E III GE SS