Shares of common stock outstanding

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Reference no: EM13890264

Titan Mining Corporation has 9 million shares of common stock outstanding, ½ million shares of preferred stock paying $7 dividends and 120,000 8.5% semiannual bonds outstanding , par value $1000 each. The common stock currently sells for $34 per share and has a beta of 1.2, the preferred stock sells for $83 per share, and the bonds have 15 years to maturity and sell for 93% of par. The market risk premium is 10%, T-bills are yielding 5%, and Titan Mining’s tax rate is 35%. What is Titan’s WACC?

Reference no: EM13890264

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