finance.
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You are given the following information for Lightning Power Co. Assume the company’s tax rate is 35 percent. Save your time - order a paper!Get your paper written from scratch within the tight deadline. Our service is a reliable solution to all your troubles. Place an order on any task and we will take care of it. You won’t have to worry about the quality and deadlines Order Paper Now |
| Debt: |
8,000 6.5 percent coupon bonds outstanding, $1,000 par value, 25 years to maturity, selling for 106 percent of par; the bonds make semiannual payments. |
| Common stock: | 310,000 shares outstanding, selling for $57 per share; the beta is 1.05. |
| Preferred stock: |
15,000 shares of 4 percent preferred stock outstanding, currently selling for $72 per share. |
| Market: | 7 percent market risk premium and 4.5 percent risk-free rate. |
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What is the company’s WACC? (Do not round intermediate calculations and round your answer to |
| WACC | % |
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