Question: 9. Calculating the WACC In the previous problem, suppose the companys stock has a beta of 1.15. The risk-free rate is 3.7 percent, and the

9. Calculating the WACC In the previous problem, suppose the companys stock has a beta of 1.15. The risk-free rate is 3.7 percent, and the market risk premium is 7 percent. Assume that the overall cost of debt is the weighted average implied by the two outstanding debt issues. Both bonds make semiannual payments. The tax rate is 35%. What is the companys WACC?

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I need #9 explained as if I were a child...I can't figure this out on my own.

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