Question: PLEASE IN EXCEL AND SHOW WORK. SOLVE IN EXCEL The Saunders Investment Bank has the following financing outstanding. Debt: 49,000 bonds with a coupon rate

PLEASE IN EXCEL AND SHOW WORK. SOLVE IN EXCEL

PLEASE IN EXCEL AND SHOW WORK. SOLVE IN EXCEL The Saunders Investment

The Saunders Investment Bank has the following financing outstanding. Debt: 49,000 bonds with a coupon rate of 5.4 percent and a current price quote of 105.9; the bonds have 11 years to maturity and a par value of $1,000. 16,700 zero coupon bonds with a price quote of 24.3, 27 years until maturity, and a par value of $10,000. Both bonds have semiannual compounding. Preferred 144,000 shares of 3.9 percent preferred stock with a current price of stock: $91 and a par value of $100. Common 2,080,000 shares of common stock; the current price is $81 and the beta stock: of the stock is 1.05. Market: The corporate tax rate is 24 percent, the market risk premium is 74 percent, and the risk-free rate is 3.4 percent. What is the WACC for the company? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) WACC %

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