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You are given the following information for Huntington Power Company. Assume the company s tax rate is 2 4 percent. Debt: 3 3 , 0
You are given the following information for Huntington Power Company. Assume the companys tax rate is percent.
Debt:
percent coupon bonds outstanding, $ par value, years to maturity, selling for percent of par; the bonds make semiannual payments.
Common stock: shares outstanding, selling for $ per share; the beta is
Market: percent market risk premium and percent riskfree rate.
What is the company's WACC? Do not round intermediate calculations and enter your answer as a percent rounded to decimal places, eg FYI: answer is NOT
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