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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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