Note: dont use excel, write down in hand written

Finding the WACC : Given the following information for PWD Power Co., find the WACC. Assume the company's tax rate is 35 percent. Debt: 7,000 6.0 percent coupon bonds outstanding, $1,000 par value, 20 years to maturity, selling for 85 percent of par; the bonds make semiannual payments. Common stock: 250,000 shares outstanding, selling for $57 per share; the beta is 1.05. Preferred stock: 15,000 shares of 6 percent preferred stock outstanding, currently selling for $93 per share. Market: 8 percent market risk premium and 4.5 percent risk-free rate.