Question: 6. Bento Corp is going to launch a new project. The manager needs to calculate the WACC of: the company with the following information: Bento

 6. Bento Corp is going to launch a new project. The

6. Bento Corp is going to launch a new project. The manager needs to calculate the WACC of: the company with the following information: Bento has 12,000 outstanding bonds which make semiannual payments The coupon rate is 10%, Par value is $1,000. There are 10 years to maturity. The bonds are selling for $1,075. Assume the company's tax rate is 30%. It also has 350,000 shares outstanding common shares, selling for $60 per share; the beta is 1.25 , market risk premium is 10% and risk-free rate is 5%. Bento issued 50,000 outstanding referred shares of 5% preferred dividend, currently selling for $100 per share

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