Question: 7 Points Question 14 Given the following information for Gordon Corporation find the WACC. Equity Information: . 70 million shares $52 per share Beta =

7 Points Question 14 Given the following information for Gordon Corporation find the WACC. Equity Information: . 70 million shares $52 per share Beta = 1.38 Market risk premium = 8% . Risk-free rate = 6% Debt Information: $1 billion in outstanding debt (face value) Current quote = 110 (bond prices are quoted as a percent of par value) Coupon rate = 8%, semiannual coupons 20 years to maturity Tax rate = 40% Show the steps of your solution by uploading an image of your handwritten calculations or by using your laptop keyboard (Don't use math editor)

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