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Use the financial statements above along with the following additional information to determine the weighted cost of capital (WACC) for HW Enterprises using the market

Use the financial statements above along with the following additional information to determine the weighted cost of capital (WACC) for HW Enterprises using the market value approach. Additional information: Par value of the bonds is $1,000. Current market value of a bond (long-term debt) is $1,035.00. Coupon rate is 5.25%, paid semi-annually. Bonds mature in 20 years. Tax rate is 21%. Current yield on 10-year US Treasuries is 0.893%. Expected return on the market is 9.00%. Beta for HW Enterprises is 1.15.

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