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4 (RWJ Essentials 5ed Ch12 Problem15) [Finding the WACC] Given the following information for Hyundai Motors, find the WACC. Debt : 7,0008% coupon bonds outstanding, $1,000 par value, 20 years to maturity, selling for 104% of par; the bonds make semiannual payments. Common stock : 120,000 shares outstanding, selling for $82 per share; beta is 1.20. Preferred stock : 10, 000 shares preferred stock outstanding with $5.25 dividend, currently selling for $80 per share. Corporate tax rate : 35% Market : 7% market risk premium and 4.5% risk-free rate