The current stock price for a company is $43 per share, and there are 7 million...

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The current stock price for a company is $43 per share, andthere are 7 million shares outstanding. The beta for this firmsstock is 1.1, the risk-free rate is 4.8, and the expected marketrisk premium is 6.5%. This firm also has 290,000 bonds outstanding,which pay interest semiannually. These bonds have a coupon interestrate of 9%, 18 years to maturity, a face value of $1,000, and anannual yield to maturity of 8.3%. If the corporate tax rate is 33%,what is the Weighted Average Cost of Capital (WACC) for this firm?(Answer to the nearest hundredth of a percent, but do not use apercent sign).

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K Nx2 Bond Price Semi Annual Coupon1 YTM2k Par value1 YTM2Nx2 k1 K 18x2 Bond Price 910002001 83200k 10001 8320018x2 k1 Bond Price 106483 106483 of par MV of See Answer

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The current stock price for a company is $43 per share, andthere are 7 million shares outstanding. The beta for this firmsstock is 1.1, the risk-free rate is 4.8, and the expected marketrisk premium is 6.5%. This firm also has 290,000 bonds outstanding,which pay interest semiannually. These bonds have a coupon interestrate of 9%, 18 years to maturity, a face value of $1,000, and anannual yield to maturity of 8.3%. If the corporate tax rate is 33%,what is the Weighted Average Cost of Capital (WACC) for this firm?(Answer to the nearest hundredth of a percent, but do not use apercent sign).