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You are given the following information for Huntington Power Co. Assume the company's tax rate is 23 percent. 24,000 5.2 percent coupon bonds outstanding, $2,000
You are given the following information for Huntington Power Co. Assume the company's tax rate is 23 percent. 24,000 5.2 percent coupon bonds outstanding, $2,000 par value, 23 years to maturity, selling for 107 percent of par, the bonds make semiannual payments Debt Commorn stock: 440,000 shares outstanding, selling for $70 per share, the beta is .95 Market: 6 percent market risk premium and 3.5 percent risk-free rate. What is the company's WACC? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) WACC
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