You are given the following information for Tara Ita Power Co. Assume the company’s tax rate is 22 percent. Debt: 5,000 6.6 percent coupon bonds outstanding, $1,000 par value, 20 years to maturity, selling for 109 percent of par; the bonds make semiannual payments. Common stock: 380,000 shares outstanding, selling for $56 per share; the beta is 1.12. Market: 5 percent market risk premium and 4.6 percent risk-free rate. What is the company's WACC?(Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

You are given the following information for Tara Ita Power Co. Assume the company’s tax rate is 22 percent. Debt: 5, XXXXXXXXXXpercent coupon bonds outstanding, $1,000 par value, 20 years to maturity,...

You are given the following information for Tara Ita Power Co. Assume the company’s tax rate is 22 percent.

Debt:	5,000 6.6 percent coupon bonds outstanding, $1,000 par value, 20 years to maturity, selling for 109 percent of par; the bonds make semiannual payments.

Common stock:	380,000 shares outstanding, selling for $56 per share; the beta is 1.12.

Market:	5 percent market risk premium and 4.6 percent risk-free rate.

What is the company's WACC?(Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Jun 10, 2022