Question: Question 4 7 Points . Given the following information for Gordon Corporation find the WACC. Equity Information: . 70 million shares I $52 per share

 Question 4 7 Points . Given the following information for Gordon

Question 4 7 Points . Given the following information for Gordon Corporation find the WACC. Equity Information: . 70 million shares I $52 per share Beta = 1.38 Market risk premium = 8% Risk-free rate 6% Debt Information: $1 billion in outstanding debt (face value) . Current quote - 110 (bond prices are quoted as a percent of par value) . Coupon rate - 8%, semiannual coupons 20 years to maturity Tax rate=40% Show the steps of your solution by uploading an image of your handwritten calculations or by using your laptop keyboard (Don't use math editor) Use the editor to format your

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