You are given the following information for cleen power co. assume the company’s tax rate is 40 percent. debt: 5,000 6.6 percent coupon bonds outstanding, $1,000 par value, 20 years to maturity, selling for 109 percent of par; the bonds make semiannual payments. common stock: 380,000 shares outstanding, selling for $56 per share; the beta is 1.12. market: 5 percent market risk premium and 4.6 percent risk-free rate. what is the company's wacc? (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places, e. g., 32.16.)
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You are given the following information for cleen power co. assume the company’s tax rate is 40 perc...
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