Question: please show work on how you found it! Q1) Given the following information for Watson Power Co., find the WACC. Assume the company's tax rate

please show work on how you found it!

Q1) Given the following information for Watson Power Co., find the WACC. Assume the company's tax rate is 21 percent. Debt: 15,000 bonds with 5.8 percent coupon outstanding, $1,000 par value, 25 years to maturity, selling for 108 percent of par; the bond make semiannual payments. Common Stock: 575,000 shares outstanding, selling for $64 per share; the beta is 1.09. Preferred Stock: 35,000 shares of 2.8 percent preferred stock outstanding, currently selling for $65 per share. Market: 7 percent market risk premium and 3.2 percent risk-free rate

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