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 30 percent.

Debt: 6,000 6.1 percent coupon bonds outstanding, $1,000 par value, 15 years to maturity, selling for 104 percent of par; the bonds make semiannual payments.

Common stock:330,000 shares outstanding, selling for $51 per share; the beta is 1.07. Market:6 percent market risk premium and 4.1 percent risk-free rate.

What is the company's WACC?

Reference no: EM132724504

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