What is the firm wacc

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Finally There has 1,600 bonds outstanding with a $1,000 par value, a 6 percent coupon, 8 years to maturity, semiannual interest payments, and a market price equal to 97 percent of par. The firm also has 60,000 shares of common stock outstanding at a price per share of $32 and a beta of 1.15. The risk-free rate is 5 percent, the market risk premium is 7 percent, and the tax rate is 35 percent. What is the firm's WACC? (When computing WACC, round your cost of debt to 4 decimal places when expressed as a decimal value.)

Reference no: EM131628492

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