Question: [Please use the data for this problem on the next few problems - aka save your work!] Suppose a firm has 24 million shares of

[Please use the data for this problem on the next few problems - aka save your work!] Suppose a firm has 24 million shares of common stock outstanding at a price of $14.5 per share. The firm also has 100,000 bonds outstanding with a current price of $1057.5. The outstanding bonds have yield to maturity 7.8%. The firm's common stock beta is 1.2 and the corporate tax rate is 35%. The expected market return is 13% and the T-bill rate is 1.5%.
a. What is the weight of equity used in the WACC for this firm? (Show your answer to 3 decimals.)
b. What is the weight of debt used in the WACC for this firm? (Show your answer to 3 decimals.)
c. Cost of equity (3 decimal places)?
d. After tax cost of debt? (4 decimal places)
e. What is the weighted average cost of capital (WACC)? (4 decimals)

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