Question: please show steps! i will rate! Debt: Common stock 3,000 7 percent coupon bonds outstanding. $1,000 par value, 21 years to maturity, selling for 103

please show steps! i will rate!

Debt: Common stock 3,000 7 percent coupon bonds outstanding. $1,000 par value, 21 years to maturity, selling for 103 percent of par, the bonds make semiannual payments. 66,000 shares outstanding, selling for $56 per share, the beta Is 1.17. 9,000 shares of 6.5 percent preferred stock (review my Ch.8 slide 43. what does ..% preferred stock phrase mean?) outstanding, currently selling for $105 per share. 8 percent market risk premium and 6 percent risk-free rate. Preferred stock: Market The company is in the 33 percent tax rate bracket based on its corporate income. Required: Find the WACC. (Do not round your Intermediate calculations.) 0 9.8% 0 10.3% 0 10.79% 0 10.02% 0

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