- Per=percent
- Its capital structure consists of 40 % debt and 60 % equity.
- The company has 20-year bonds with a 9 per annual coupon that are trading at par.
- The company’s tax rate is 40 per.
- The risk-free rate is 5.5 per.
- The market risk premium is 5 per.
- The stock’s beta is 1.4.
What is the company’s WACC?