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Ullyses Inc. ' s stock currently is priced at $ 7 0 per share with a beta of 0 . 9 6 The number of

Ullyses Inc.'s stock currently is priced at $70 per share with a beta of 0.96 The number of shares outstanding are 6 million shares. The market risk-premium is 8% and the risk-free rate is 3.2%. Ullysses also has 175,000 bonds with annual coupon 6.2%, with a price of 95% of par and 20 years to maturity. Assume a par value of $1,000 for each bond and interest payments are semi-annual. Tax rate is 20%. Estimate the WACC of the company.

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