Global Manufacturing, Inc. has two bond issues outstanding. The first bond issue $($BOND #$1)$ has a face value $($or book value$)$ of $$6,019,916$ and a coupon rate of $6\mathrm{.}80\%$ and sells for $104\mathrm{.}30\%$ of PAR value and matures in $24$ years. The second issue $($BOND #$2)$ has a face value $($or book value$)$ of $$6,391,704$ and a coupon rate of $7\mathrm{.}42\%$ and sells for $106\mathrm{.}90\%$ of PAR value and matures in $12$ years.

ALWAYS USE CELL RE

correct values on your

your calculations. Both bonds make semiannual payments. The tax rate is $21\mathrm{.}00\%.$

Global Manufacturing, Inc. has $3,719,930$ shares of common stock outstanding. The current share price is $$29\mathrm{.}10.$ Global just paid a dividend of $$0\mathrm{.}79$ per share and it has a constant dividend growth rate of $12\mathrm{.}0\%.$

What is Global's $2024$ Weighted Average Cost of Capital $($WACC$)?$

$\backslash$table$[[$DATA INPUT$],[,$COMMON STOCK,$],[$# Shares outstanding $=,3,719,930,],[$Market value per share $=,$$$29\mathrm{.}10,],[$Most recent dividend $(D_0)=,$$$0\mathrm{.}79,],[$Dividend Growth Rate $($g$)=,12\mathrm{.}0\%,],[,$BOND #$1,$BOND #$2],[$Face Value $($or book value$)=,$$$6,019,916,$$$6,391,704],[$Coupon rate $=,6\mathrm{.}80\%,7\mathrm{.}42\%],[$Bond price $(\%$ of PAR$)=,104\mathrm{.}3\%,106\mathrm{.}9\%],[$Term to maturity $($years$)=,24,12],[$Tax rate $=,21\%,21\%]]$

SUGGESTION: COpy your worksheet from

Practice Problem $13-9$ into the CASE STUDY DATA

SHEET and then replace the Data Inputs of

Problem $13-9$ with the CASE STUDY Data Inputs

using cell reference formulas.

$\backslash$table$[[,\backslash$table$[[$After$-$Tax$],[$COST $(\%)]],\backslash$table$[[$Current Market$],[$Values $($$$)]],\backslash$table$[[$Current Market$],[$Value WEICHT $(\%)]]],[$BOND #$1,6\mathrm{.}450\%,$$$0,0\mathrm{.}000\%$