Question: Please show work in excel and show formulas ctrl + ~ Thank you Problem 13-17 Preferred Stock and WACC The Saunders Investment Bank has the

Please show work in excel and show formulas ctrl + ~
Thank you
Problem 13-17 Preferred Stock and WACC The Saunders Investment Bank has the following financing outstanding. Debt: 46,000 bonds with a coupon rate of 5.1 percent and a current price quote of 105.3; the bonds have 15 years to maturity and a par value of $1,000. 16,100 zero coupon bonds with a price quote of 24.8, 30 years until maturity, and a par value of $10,000. Both bonds have semiannual compounding. Preferred 141,000 shares of 3.6 percent preferred stock with a current price of stock: $87 and a par value of $100. Common 2,020,000 shares of common stock; the current price is $78 and the stock: beta of the stock is 1.10. Market: The corporate tax rate is 21 percent, the market risk premium is 71 percent, and the risk-free rate is 3.1 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 8.11 %
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