Given the following information for Evenflow Power Co., the WACC is percent. Ass

Question

Given the following information for Evenflow Power Co., the WACC is percent. Assume the company's tax rate is 33 percent. (Do not include the percent sign (%). Round your answer to 2 decimal places. (e.g., 32.16))


Debt:
5,500 5.5 percent coupon bonds outstanding, $1,000 par value, 19 years to maturity, selling for 103 percent of par; the bonds make semiannual payments.
Common stock:
126,500 shares outstanding, selling for $57 per share; the beta is 1.08.
Preferred stock:
18,000 shares of 4.5 percent preferred stock outstanding, currently selling for $106 per share.
Market:
6.5 percent market risk premium and 4.5 percent risk-free rate.

Explanation / Answer

22.10 dollars

Related Questions

Navigate

• Browse (All)
• Browse G
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.