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The ABC Co. has 1.2 million shares outstanding. The stock currently sells for $20 per share. The firm's debt is publicly traded and was recently

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The ABC Co. has 1.2 million shares outstanding. The stock currently sells for $20 per share. The firm's debt is publicly traded and was recently quoted at 95% of face value. It has a total face value of $8 million, and it is currently priced to yield 10 percent. The risk free rate is 7 percent, and the market risk premium is 6 percent. You have estimated that Lean has a beta of 0.70. If the corporate tax rate is 35%, what is the WACC of Lean Co

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