Consider the following information for Evenflow Power Co., Debt: 2,000 7 percent coupon bonds outstanding, $1,000 par...

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Finance

Consider the following information for Evenflow Power Co.,

  Debt: 2,000 7 percent coupon bonds outstanding, $1,000 par value, 18years to maturity, selling for 103 percent of par; the bonds makesemiannual payments.
  Common stock: 46,000 shares outstanding, selling for $59 per share; the betais 1.2.
  Preferred stock: 7,000 shares of 6 percent preferred stock outstanding,currently selling for $105 per share.
  Market: 8 percent market risk premium and 6 percent risk-freerate.

Assume the company's tax rate is 31 percent.

Required:

Find the WACC. (Do not round your intermediatecalculations.)

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Consider the following information for Evenflow Power Co., Debt:2,000 7 percent coupon bonds outstanding, $1,000 par value, 18years to maturity, selling for 103 percent of par; the bonds makesemiannual payments. Common stock:46,000 shares outstanding, selling for $59 per share; the betais 1.2. Preferred stock:7,000 shares of 6 percent preferred stock outstanding,currently selling for $105 per share. Market:8 percent market risk premium and 6 percent risk-freerate. Assume the company's tax rate is 31 percent. Required: Find the WACC. (Do not round your intermediatecalculations.)


Debt:		2,000 7 percent coupon bonds outstanding, $1,000 par value, 18years to maturity, selling for 103 percent of par; the bonds makesemiannual payments.
Common stock:		46,000 shares outstanding, selling for $59 per share; the betais 1.2.
Preferred stock:		7,000 shares of 6 percent preferred stock outstanding,currently selling for $105 per share.
Market:		8 percent market risk premium and 6 percent risk-freerate.