Question: please show each step The B.B. Lean Co. (BBLC) currently already has 2 million shares of stock outstanding. The stock is selling for $10 per

please show each step The B.B. Lean Co. (BBLC) currently already

please show each step

The B.B. Lean Co. (BBLC) currently already has 2 million shares of stock outstanding. The stock is selling for $10 per share. The firm's debt which has a book value of $2 million is publicly traded and quoted at 95 percent of book value, and its current nominal interest cost at 6 percent. The risk-free rate is 2 percent, and the market risk premium is 4 percent. You've estimated that Lean has a beta of.70. The corporate tax rate is 21 percent. What is BBLC'S WACC

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