What is this firm WACC

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A company has $89 million in outstanding bonds, and 10 million shares of stock currently trading at $38 per share. The bonds pay an annual coupon rate of 9% and is trading at par. The company's beta is 0.9, its tax rate is 40%, the risk-free rate is 4%, and the market risk premium is 4%. What is this firm's WACC?

Reference no: EM131537009

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