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bachelor in business administration
Polytechnic State University Sanluis
Jan-2006 - Nov-2010
CPA
Polytechnic State University
Jan-2012 - Nov-2016
Professor
Harvard Square Academy (HS2)
Mar-2012 - Present
|
Given the following information for Evenflow Power Co., the WACC is ______ percent. Assume the company's tax rate is 34 percent. () |
| Â |
| Â | Â |
| Debt: |
4,000 8.5 percent coupon bonds outstanding, $1,000 par value, 19 years to maturity, selling for 105 percent of par; the bonds make semiannual payments. |
| Common stock: |
92,000 shares outstanding, selling for $63 per share; the beta is 1.1. |
| Preferred stock: |
11,500 shares of 7.5 percent preferred stock outstanding, currently selling for $106 per share. |
| Market: |
9.5 percent market risk premium and 7 percent risk-free rate. |
Please show your work.
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