What is the wacc for mccann catching inc

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McCann Catching, Inc. has 3.00 million shares of stock outstanding. The stock currently sells for $12.98 per share. The firm's debt is publicly traded and was recently quoted at 89.00% of face value. It has a total face value of $20.00 million, and it is currently priced to yield 9.00%. The risk free rate is 2.00% and the market risk premium is 8.00%. You've estimated that the firm has a beta of 1.02. The corporate tax rate is 40.00%.

The firm is considering a $46.91 million expansion of their production facility. The project has the same risk as the firm overall and will earn $10.00 million per year for 7.00 years.

What is the WACC for McCann Catching, Inc.?

Reference no: EM132707440

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