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Question 19-22 are based on the following information Given the following information for Gerken Power Co, find the WACC. Assume the company's tax rate is

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Question 19-22 are based on the following information Given the following information for Gerken Power Co, find the WACC. Assume the company's tax rate is 35 percent. Debt: 15.500 6.4% coupon bonds outstanding. $1.000 par value. 25 years to maturity, selling 107% of par, the bonds make semiannual payments Common stock 495.000 shares outstanding, selling for $82 per share: beta is 1.20 Preferred stock 20.000 shares of 4.20preterred stock outstanding currently selling for 590 per share. Market: 7% market risk premium and 10% risk free rate. What if the cost of equity please put your answer in for example, 10 not 0.10)

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