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You are given the following information for Huntington 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 Huntington 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 semiannual payments. 510,000 shares outstanding, selling for $69 per share; the beta is 1.12. 10 percent market risk premium and 5.9 percent risk-free rate. Common stock: Market: What is the company's WACC? (Do not round intermediate calculations and enter your answer as a nt rounded to 2 decimal places, e.g., 32.16.,) WACC
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