Question: Here is the data for WACC from a company that concentrates in publiclectric rate case from 1999, please calculate the WACC (ignore the after-tax calculation

Here is the data for WACC from a company that concentrates in publiclectric rate case from 1999, please calculate the WACC (ignore the after-tax calculation of the debt cost of capital)?

Capitalization Ratios Cost of Capital

Common Equity 48% 14.8%

Preferred Stock 11% 8.1%

Long-term Debt 41% 8.3%

How does a higher beta affect WACC and why?

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