do manually not by excel

10. Given the following information for Groto Corp. find the WACC. Assume the company's tax rate is 30%. Bonds: 10,000 outstanding, 10% coupon bonds outstanding, $1,000 par value, 15 years to maturity, selling for $975; the bonds make semiannual payments. Common shares: 300,000 shares outstanding, selling for $45 per share; the beta is 1.05. Preferred shares: 58,000 shares of 6% preferred stock outstanding, currently selling for $100 per share. 12% market risk premium and 3.5% risk-free rate