Word | N X w WillsO-F X w WillsO-| X Docume X Custom X D2L McGraw X Question X Mail - O x My Cita x W Order 3: x m my Record X Homew x + C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/activ... 1 * I o Update : 2L Homepage - APEI Week 5 Problems i Saved Help Save & Exit Submit Check my work 3 The IPO Investment Bank has the following financing outstanding. Debt: 140,000 bonds with a coupon rate of 10 percent and a current price quote of 20 114; the bonds have 20 years to maturity. 310,000 zero coupon bonds with a points price quote of 16.5 and 30 years until maturity. Both bonds have a par value of $1,000 and semiannual coupons. Skipped Preferred stock: 230,000 shares of 8 percent preferred stock with a current price of $68, and a par value of $100. eBook Common stock: 3,400,000 shares of common stock; the current price is $54, and the beta of Hint the stock is .95. Print Market: The corporate tax rate is 23 percent, the market risk premium is 5 percent, References and the risk-free rate is 2 percent. What is the WACC for the company? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) WACC |% Mc Graw Hill