Question: 7. Based on the information below for Seebor Boating estimate the company's WACC. Current market value of common shares (10 million outstanding )=$23.63 per share

7. Based on the information below for Seebor Boating estimate the company's WACC. Current market value of common shares (10 million outstanding )=$23.63 per share Expected equity risk premium over the before-tax cost of debt =6.13% Current market value of the bonds ( 100,000 bonds outstanding, 8.5% coupon, maturing in 19 years) =$954.75 per bond Corporate tax rate 22%

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