Given the following information for Dicey Corporation, find the WACC. Assume the company's tax rate is 21 percent. Debt: 10000 corporate bonds, 7.6 percent coupon bonds outstanding. S1,000 par valuc,...

Extracted text: Given the following information for Dicey Corporation, find the WACC. Assume the company's tax rate is 21 percent. Debt: 10000 corporate bonds, 7.6 percent coupon bonds outstanding. S1,000 par valuc, 18 years to maturity, selling for 102 percent of par, the bonds make semiannual payments. Common stock: 300,000 shares outstanding, selling for $58 per share, beta is 1.36. Preferred stock: 6,000 shares of $8.50 preferred stock outstanding, currently selling for $73 per share. Market: 8.3 percent market risk premium and 3.5 percent risk-free rate. Answer: WACC =