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You are given the following information for Huntington Power Company. Assume the company's tax rate is 25 percent. Debt 34,0005.3 percent coupon bonds outstanding, $2,000

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You are given the following information for Huntington Power Company. Assume the company's tax rate is 25 percent. Debt 34,0005.3 percent coupon bonds outstanding, $2,000 par value, 26 years to maturity, selling for 106 percent of par, the bonds make semiannual payments. Common stock. 490,000 shares outstanding, selling for $80 per share; the beta is 1.14 . Market: 6 percent market risk premium and 4.5 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.) You are given the following information for Huntington Power Company. Assume the company's tax rate is 25 percent. Debt 34,0005.3 percent coupon bonds outstanding, $2,000 par value, 26 years to maturity, selling for 106 percent of par, the bonds make semiannual payments. Common stock. 490,000 shares outstanding, selling for $80 per share; the beta is 1.14 . Market: 6 percent market risk premium and 4.5 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.)

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