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Use the following information to calculate WACC. Equity Information 50 million shares $80 per share Beta = 1.15 Market risk premium = 9% Risk-free rate

Use the following information to calculate WACC.

Equity Information

50 million shares

$80 per share

Beta = 1.15

Market risk premium = 9%

Risk-free rate = 5%

Debt Information

$1 billion in outstanding debt (face value)

Current quote = 110; Current price $ 1,100 (110% of face value)

Coupon rate = 9%, semiannual coupons

15 years to maturity

Tax rate = 21%

Please show all work

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