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You are given the following information for Lightning Power Company. Assume the company's tax rate is 2 3 percent. table [ [ Debt: ,

You are given the following information for Lightning Power Company. Assume the company's tax rate is 23 percent.
\table[[Debt:,23,0007.2 percent coupon bonds outstanding, $1,000 par value, 19],[,years to maturity, selling for 106 percent of par; the bonds make],[Semiannual payments.,],[Common stock:,560,000 shares outstanding, selling for $74 per share; beta is],[Preferred stock:,1.17.],[,25,000 shares of 5 percent preferred stock outstanding, a $100
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