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You are assigned to calculate the Weighted-Average-Cost-of-Capital (WACC) for your firm. There are 25,750,000 shares of stock outstanding, which are currently trading for $89.10 per

You are assigned to calculate the Weighted-Average-Cost-of-Capital (WACC) for your firm. There are 25,750,000 shares of stock outstanding, which are currently trading for $89.10 per share. The firm has 685,000 coupon bonds outstanding that are selling for $1,050. You estimate that the shareholders require a return of 8.50%, and the bondholders demand 5.25%. The firms marginal tax rate is the statutory 21%. What is the WACC of the enterprise?

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