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you are given the following information for cleen power co. Assume the company's tax rate is 30 percent. Debt: 6,000 7.9 percent coupon bonds outstanding,
you are given the following information for cleen power co. Assume the company's tax rate is 30 percent. Debt: 6,000 7.9 percent coupon bonds outstanding, $1,000 par value, 25 years to maturity, selling for 108 percent of par; the bonds make a semiannual payments. Common stock: 510,000 shares outstanding, selling for $69 per share; the beta is 1.12. Market: 10 percent market risk premium and 5.9 percent risk free rate. What is the company's WACC?
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