Given the following information for Evenflow Power Co. find the WACC. Assume,the company’s tax rate is 35 percent.,,Debt: 8,000 6.5 percent coupon bonds outstanding. $1,000 par,value, 20 yrs. to maturity, selling for 92 percent of par; the bonds, make,semi-annual payments.,,Common Stock: 250,000 shares outstanding, selling for $57 per share; the,beta is 1.05,,Preferred Stock: 15,000 shares of 5 percent preferred stock outstanding,,currently selling for $93 per share,,Market: 8 percent market risk premium and 4.5 percent,risk-free rate,
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