Question: Please answer in Excel formulas Given the following information for Watson Power Co., find the WACC. Assume the company's tax rate is 21 percent. Debt:


Given the following information for Watson Power Co., find the WACC. Assume the company's tax rate is 21 percent. Debt: 10,000 6.4 percent coupon bonds outstanding, $1,000 par value, 25 years to maturity, selling for 108 percent of par; the bonds make semiannual payments. Common stock: 495,000 shares outstanding, selling for $63 per share; the beta is 1.15. Preferred stock: 35,000 shares of 3.5 percent preferred stock outstanding, currently selling for $72 per share. Market: 7 percent market risk premium and 3.2 percent risk-free rate. Common stock Shares outstanding Beta Share price 495,000 Preferred stock outstanding Shares outstanding Dividend percentage Share price $ 35,000 3.50% 72 Market Market risk premium 7.00% Risk-free rate 3.20% Comolete the followina analvsis. Do not hard code values in vour calculations
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