Question: do not use Excel to solve. I am trying to understand the step-by-step process necessary to solve the question. 2. The information below is for

do not use Excel to solve. I am trying to understand the step-by-step process necessary to solve the question. do not use Excel to solve. I am trying to understand the

2. The information below is for Seebor Boating. Based on this information, estimate Seebor'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

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