Question: Problem 1 4 - 1 6 Finding the WACC ( LO 4 ) Raymond Mining Corporation has 9 . 9 million shares of common stock

Problem 14-16 Finding the WACC (LO4)
Raymond Mining Corporation has 9.9 million shares of common stock outstanding, 430,000 shares of 6% par value preferred stock outstanding, and 171,0007.50% semiannual bonds outstanding, par value $1,000 each. The common stock currently sells for $47 per share and has a beta of 1.45, the preferred stock currently sells for $96 per share, and the bonds have 20 years to maturity and sell for 118% of par. The market risk premium is 8.7%, T-bills are yielding 5%, and Raymond Mining's tax rate is 40%.
a. What is the firm's market value capital structure? (Enter your answers in whole dollars.)
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 Problem 14-16 Finding the WACC (LO4) Raymond Mining Corporation has 9.9

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