U nes weighted average cost UI Lupital! 17. (WACC) First Rate Ballroom, Inc, a national convention planner has 2,500 common shares and 1,000 bonds outstanding. Its securities have been performing very well in the marketplace. It enjoys a common stock price of $45 per share, up from $35 a year ago. It bonds have also performed well currently priced at $950 per bond, up from $899 a year ago. It stock has a beta coefficient of 2.5 and a market risk premium of 8.5%. The yield on 30-year Treasury Bonds is 5.5%. First Rate Ballroom's bonds are rather typical for the industry; having 30-year maturities, a 5% coupon rate, and a si face value. What is the WACC of First Rate Ballroom? First Rate is in the 35% marginal tax rate! 18. WACC) Second Rate Rallmom Inc a national