Question: Please show all work thank you 2. You are given the following information concerning Parrothead Enterprises. Calculate the WACC for Parrothead Enterprises. Debt: Common stock:

Please show all work thank you 2. You are given the followingPlease show all work thank you

2. You are given the following information concerning Parrothead Enterprises. Calculate the WACC for Parrothead Enterprises. Debt: Common stock: 10,000 6.9 percent coupon bonds outstanding, with 15 years to maturity and a quoted price of 104. These bonds pay interest semiannually. 275,000 shares of common stock selling for $68.50 per share. The stock has a beta of 85 and will pay a dividend of $3.25 next year. The dividend is expected to grow by 5 percent per year indefinitely. 8,000 shares of 4.9 percent preferred stock selling at $94 per share. 12 percent expected return, risk-free rate of 3.5 percent, and a 35 percent tax rate. Preferred stock Market

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