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QUESTION
Find the WACC Given the following information for Huntington Power Co. find the WACC. Assume the company's tax rate is 35 percent. Debt:
Find the WACCGiven the following information for Huntington Power Co. find the WACC. Assume the company's tax rate is 35 percent.Debt:5000 8 percent coupons outstanding, 1000 par value, 20 years to maturity, selling for 103 percent of par, the bonds make semiannual payments.Common stock: 160,000 shares outstanding, selling for $57 per share: the beta is 1.10Market: 7 percent market risk premium and 6 percent risk free rate.
