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c. A Toys Company has 0.8 million shares in issue. The current market price is...

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Accounting

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c. A Toys Company has 0.8 million shares in issue. The current market price is $60 per share. The company's debt is publicly traded on the London Stock Exchange and the most recent quote for its price was at 92% of face value. The debt has a total face value of $ 10 million and the company's credit risk premium is currently 2.8%. The risk-free rate is 3.5% and the equity market risk premium is 7.1%. The company's beta is estimated at 1.3 and its corporate tax rate is 32%. Required:Calculate the company's WACC

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