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Refer to Question 2. Now that Anna has determined an appropriate rate of return for J Corp.'s stock, she must calculate the firm's Weighted Average

Refer to Question 2. Now that Anna has determined an appropriate rate

of return for J Corp.'s stock, she must calculate the firm's Weighted Average

Cost of Capital (WACC). There are currently

52.8 Million

J Corp. common shares outstanding. Each share is currently priced at

$17.68

. As well, the firm has

6,000

bonds outstanding and each

bond has a face value of $10,000, a yield to maturity of

3.49% and a

quoted price of

$10,149.50

. J Corp.'s tax rate is 30%.

J Corp. has no preferred shares outstanding.

What is J Corp.'s WACC?

Enter Answer

(Round your answer to one one-hundredth of a percent)

Enter your Final Answer Here

------

FROM QUESTION 2:

BETA: 2.00

EXPECTED RATE OF RETURN: 13.4

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