Question: Moving to another question will save this response. Question 25 of 26 estion 25 4 points Save A A company has 3 million shares outstanding

 Moving to another question will save this response. Question 25 of

Moving to another question will save this response. Question 25 of 26 estion 25 4 points Save A A company has 3 million shares outstanding at a market price of $1.50 each. The company's bonds have a total market value of $2,700,000, have a coupon rate of 3% p.a. and current yield 4% p.a. The current market value of preference shares is $500,000 and currently return 5% p.a. The company has a beta of 0.7, the market risk premium is 6% p.a., the risk-free return is 2% p.a., and the company tax rate is 30%, What is the firm's weighted average cost of capital (WACC)? [Be sure to show the calculation of each part of the WACC, and the final value for the WACC) TTI Arial 3 (12pt) #TE Words o Path: P Question 25 of 26 Moving to another question will save this response. Zalox 22 MacBook Pro

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