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You are given the following information for Huntington Power Company. Assume the companys tax rate is 25 percent. Debt: 30,000 4.9 percent coupon bonds outstanding,
| You are given the following information for Huntington Power Company. Assume the companys tax rate is 25 percent. |
| Debt: | 30,000 4.9 percent coupon bonds outstanding, $2,000 par value, 25 years to maturity, selling for 104 percent of par; the bonds make semiannual payments. |
| Common stock: | 470,000 shares outstanding, selling for $76 per share; the beta is 1.10. |
| Market: | 6 percent market risk premium and 4.1 percent risk-free rate. |
| What is the company's WACC? |
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