You are given the following information for Lightning Power Company. Assume the company s tax rate is
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Question:
You are given the following information for Lightning Power Company. Assume the companys tax rate is percent.
Debt: percent coupon bonds outstanding, $ par value, years to maturity, selling for percent of par; the bonds make semiannual payments.
Common stock: shares outstanding, selling for $ per share; beta is
Preferred stock: shares of percent preferred stock outstanding, a $ par value, selling for $ per share.
Market: percent market risk premium and percent riskfree rate.
What is the company's WACC?
Note: Do not round intermediate calculations and enter your answer as a percent rounded to decimal places, eg
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