Question: Given the following information for Magpie Auto Parts Inc., find the WACC. Assume the company's tax rate is 35 percent. Debt: 8,000 6.5 percent coupon

Given the following information for Magpie Auto Parts Inc., find the WACC. Assume the company's tax rate is 35 percent. Debt: 8,000 6.5 percent coupon bonds outstanding, $1,000 par value, 25 years to maturity, selling for 106 percent of par; the bonds make semiannual payments. Common stock: 310,000 shares outstanding, selling for $57 per share; the beta is 1.05. Preferred stock: 15,000 shares of 4 percent preferred stock outstanding, currently selling for $72 per share. Market: 7 percent market risk premium and 4.5 percent risk-free rate. Hint: Question 6 is related to information provided in Chapter 9. Show your work below (you must show all calculations used to derive you answers): Question WACC? Your
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