WACC: Three Instruments Q1 Alcon has 3,000 bonds selling for 3% above par with a yield to maturity of 7.7035% Alcon pays 35% in Corporate tax. Alcon has 90,000 shares outstanding trading at $45 each. Alcon's beta is 1.2, the risk free rate is 6% while the return on the market is 8%. Alcon has 13,000 preferred shares selling for $108 with a dividend of $7. Determine Alcon's WACC