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Business, 06.07.2021 20:00 keiracoles

Consider the following information for Evenflow Power Co., Debt: 5,000 8.5 percent coupon bonds outstanding, $1,000 par value, 21 years to maturity, selling for 104 percent of par; the bonds make semiannual payments. Common stock: 100,000 shares outstanding, selling for $59 per share; the beta is 1.09. Preferred stock: 17,000 shares of 7.5 percent preferred stock outstanding, currently selling for $107 per share. Market: 9.5 percent market risk premium and 7 percent risk-free rate. Assume the company's tax rate is 34 percent. Required:
Find the WACC.

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Consider the following information for Evenflow Power Co., Debt: 5,000 8.5 percent coupon bonds outs...
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