What is the company wacc-cleen power co

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You are given the following information for Cleen Power Co. Assume the company's tax rate is 40 percent. Debt:7,000 7.4 percent coupon bonds outstanding, $1,000 par value, 20 years to maturity, selling for 103 percent of par; the bonds make semiannual payments.

Common stock:460,000 shares outstanding, selling for $64 per share; the beta is 1.07.

Market:7 percent market risk premium and 5.4 percent risk-free rate.

What is the company's WACC?

Reference no: EM132685135

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