Question: I need help with this question. You are given the following information for Huntington Power Co. Assume the company's tax rate is 22 percent. 9,000

I need help with this question.

I need help with this question. You are given the following information

You are given the following information for Huntington Power Co. Assume the company's tax rate is 22 percent. 9,000 4.7 percent coupon bonds outstanding, $2,000 par value, 22 years to maturity, selling for 104 percent of par; the bonds makee semiannual payments. Deb ommon stock; 415,000 shares outstanding, selling for $65 per share; the beta is .90 . 7 percent market risk premium and 3 percent risk-free rate. What is the company's WACC? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

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