Question: Problem 12-15 Finding the WACC [LO 3] Information on Janicek Power Co., is shown below. Assume the company's tax rate is 38 percent Debt 8,800

Problem 12-15 Finding the WACC [LO 3] Information on Janicek Power Co., is shown below. Assume the company's tax rate is 38 percent Debt 8,800 8.1 percent coupon bonds outstanding, $1,000 par value, 22 years to maturity, selling for 103.5 percent of par, the bonds make semiannual payments. Common stock 213,000 shares outstanding, selling for $83.30 per share, beta is 1.18 Preferred stock 12,300 shares of 5.9 percent preferred stock outstanding, currently selling for $97.70 per share. Market 7.15 percent market risk premium and 4.95 percent risk-free rate Required: Calculate the company's WACC (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places (e.g., 32.16).) WACC 10.48

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