Question: May I have detailed steps for this please? Current price = $ 25.09 Given the following information, what is Angus Corporation's weighted average cost of

May I have detailed steps for this please?

May I have detailed steps for this please? Current price = $

Current price = $ 25.09 Given the following information, what is Angus Corporation's weighted average cost of capital (WACC)? Common Stock: 2 million shares outstanding at $30 per share; stock beta = 0.5 Bonds: 80,000 bonds outstanding $1,000 face value for each bond 7% semiannual coupon 10 years to maturity Selling at 108.25% of face value Market risk premium: 7% Risk free rate: 5% Tax rate: 34% WACC = 5.78%

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