Consider the following information for Watson Power Company: Debt: Common stock: Preferred stock: Market: 6,000 8...

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Consider the following information for Watson Power Company: Debt: Common stock: Preferred stock: Market: 6,000 8 percent coupon bonds outstanding, $1,000 par value, 20 years to maturity, selling for 102 percent of par; the bonds make semiannual payments. 132,000 shares outstanding, selling for $57 per share; the beta is 1.19. 20,500 shares of 7 percent preferred stock outstanding, currently selling for $105 per share. 9.5 percent market risk premium and 6.5 percent risk-free rate. Assume the company's tax rate is 34 percent. Find the WACC. Consider the following information for Watson Power Company: Debt: Common stock: Preferred stock: Market: 6,000 8 percent coupon bonds outstanding, $1,000 par value, 20 years to maturity, selling for 102 percent of par; the bonds make semiannual payments. 132,000 shares outstanding, selling for $57 per share; the beta is 1.19. 20,500 shares of 7 percent preferred stock outstanding, currently selling for $105 per share. 9.5 percent market risk premium and 6.5 percent risk-free rate. Assume the company's tax rate is 34 percent. Find the WACC.