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You are given the following information for Cleen Power Co . Assume the company s tax rate is 4 0 percent. Debt: 8 , 0

You are given the following information for Cleen Power Co. Assume the companys tax rate is 40 percent.
Debt:
8,0006.9 percent coupon bonds outstanding, $1,000 par value, 20 years to maturity, selling for 105 percent of par; the bonds make semiannual payments.
Common stock: 410,000 shares outstanding, selling for $59 per share; the beta is 1.15.
Market: 9 percent market risk premium and 4.9 percent risk-free rate.
What is the company's WACC? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g.,32.16.)
WACC
%

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