Find what is the company wacc

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You are given the following information for Cleen Power Co. Assume the company's tax rate is 40 percent.

Debt: 8,000 6.9 percent coupon bonds outstanding, $1,000 par value, 20 years to maturity, selling for 105 percent of par; the bonds make semiannual payments.

Common stock: 410,000 shares outstanding, selling for $59 per share; the beta is 1.15. Market:9 percent market risk premium and 4.9 percent risk-free rate.

Question 1: What is the company's WACC? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Reference no: EM132539670

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