What is commonwealth wacc

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Information on Commonwealth Power Co. is shown below. Assume the com pany's tax rate is 32%. Debt: 4,500 9% coupon bonds outstanding, $1,000 par value 20 years to maturity_ selling for 103% of par; the bonds make semiannual payments. Common Stock: 112,500 shares outstanding, selling for $59 per share; the beta is 1.03. Market: 105% market risk premium and 7% risk-free rate

What is Commonwealth's WACC? [Report answer in percentage terms and round to 2 decimal places. Do not round intermediate calculations]

Reference no: EM133275409

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