The new equipment would be depreciated to zero using straight line depreciation. The new project required an increase in working capital of $ 161,180 and $ 27,401 of this increase would be offset with accounts payable. PSUWC currently has 919000 shares of stock outstanding at a current price of $ 77.00. Even though the company has outstanding stock, it is not publicly traded and therefore there is no publicly available financial information. However, after analysis management believes that its equity beta is 1.50. The company also has 99000 bonds outstanding, with a current price of $ 999.00. The bonds pay interest semi-annually at a coupon rate of 6.20 %. The bonds have a par value of $1,000 and will mature in 6 years. The average corporate tax rate was 32 %. RM = 18.69% RF = 0.82 What is WACC?