Question: please show step by steo workings . no excel The firm can issue $1,000 par value, 8% coupon interest bonds with a 20-year maturity date.

please show step by steo workings . no excel
please show step by steo workings . no excel The firm can

The firm can issue $1,000 par value, 8% coupon interest bonds with a 20-year maturity date. The bond has an average Debt: discount of $30 and flotation costs of $30 per bond. The selling price is $1,000. The firm has a tax rate of 40%. Preferred The firm can sell preferred stock with a dividend that is 8% of Stock: the current price. The stock costs $95. The cost of issuing and selling the stock is expected to be $5 per share. The firm's common stock is currently selling for $90 per share. Common The firm expects to pay cash dividends of $7 per share next Stock: year. The dividends have been growing at 6%. The stock was discounted by $7, and had flotation costs that amounted to $5 per share. What is the weighted average cost of capital (WACC) for this firm

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