Question: please help!!! this answer is wrong thank you You are given the following information for Huntington Power Company. Assume the company's tax rate is 21
You are given the following information for Huntington Power Company. Assume the company's tax rate is 21 percent. Debt: 18,0004.6 percent coupon bonds outstanding, $2,000 par value, 21 years to maturity, selling for 103 percent of par; the bonds make semiannual payments. Common 410,000 shares outstanding, selling for $64 per share; the beta is .89 . stock: Market: 6 percent market risk premium and 2.9 percent risk-free rate. What is the company's WACC? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
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