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You are given the following information for Lightning Power Company. Assume the company s tax rate is 2 4 percent. Debt: 2 4 , 0

You are given the following information for Lightning Power Company. Assume the companys tax rate is 24 percent.
Debt: 24,0007.3 percent coupon bonds outstanding, $1,000 par value, 18 years to maturity, selling for 107 percent of par; the bonds make semiannual payments.
Common stock: 570,000 shares outstanding, selling for $75 per share; beta is 1.19.
Preferred stock: 25,500 shares of 5.1 percent preferred stock outstanding, a $100 par value, selling for $96 per share.
Market: 6 percent market risk premium and 4.9 percent risk-free rate.
What is the company's WACC?

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