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Question 30 10 points Save Answer Raymond Mining Corporation has 8.7 million shares of common stock outstanding, 310.000 shares of 6% $100 par value preferred

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Question 30 10 points Save Answer Raymond Mining Corporation has 8.7 million shares of common stock outstanding, 310.000 shares of 6% $100 par value preferred stock outstanding, and 147.000 7.50% semiannual bonds outstanding, par value $1,000 each. The common stock currently sells for $35 per share and has a beta of 1.35, the preferred stock currently sells for $91 per share, and the bonds have 20 years to maturity and sell for 116% of par. The market risk premium is 7.5%, T-bills are yielding 5%, and Raymond Mining's tax is 30%. The YTM before taxes is 6.104%. What is the WACC? (Enter your answers in whole dollars. Omit % sign in your response.)

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