Question: show full working out please The ABC Co. has 6.5 million shares of common stock outstanding with a par value of $1 per share. The

show full working out please show full working out please The ABC Co. has 6.5 million shares

The ABC Co. has 6.5 million shares of common stock outstanding with a par value of $1 per share. The current market price of the common stock is $11.05 per share. The company also has 25,000 bonds outstanding, each with face value $1,000 and selling at 98% of face value. The company's 1 million outstanding preferred stocks have a total market value of $10 million, and the dividend of preferred stock is $1 per share. The expected return on the firm's common equity is 14%, the coupon rate is 6%, the ROE is 12%, and the Yield to Maturity is 7.25%. If ABC's tax rate is 34%, what is the WACC

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