You are given the following information for Lightning Power Co. Assume the company’s tax rate is 35 percent. Debt:8,000 6.5 percent coupon bonds outstanding, $1,000 par value, 25 years to maturity, selling for 106 percent of par; the bonds make semiannual payments. Common stock:310,000 shares outstanding, selling for $57 per share; the beta is 1.05. Preferred stock:15,000 shares of 4 percent preferred stock outstanding, currently selling for $72 per share. Market:7 percent market risk premium and 4.5 percent risk-free rate.What is the company’s WACC? (Do not round intermediate calculations and round your answer to2 decimal places. (e.g., 32.16)) WACC %

Why Choose Us

  • 100% non-plagiarized Papers
  • 24/7 /365 Service Available
  • Affordable Prices
  • Any Paper, Urgency, and Subject
  • Will complete your papers in 6 hours
  • On-time Delivery
  • Money-back and Privacy guarantees
  • Unlimited Amendments upon request
  • Satisfaction guarantee

How it Works

  • Click on the “Place Order” tab at the top menu or “Order Now” icon at the bottom and a new page will appear with an order form to be filled.
  • Fill in your paper’s requirements in the "PAPER DETAILS" section.
  • Fill in your paper’s academic level, deadline, and the required number of pages from the drop-down menus.
  • Click “CREATE ACCOUNT & SIGN IN” to enter your registration details and get an account with us for record-keeping and then, click on “PROCEED TO CHECKOUT” at the bottom of the page.
  • From there, the payment sections will show, follow the guided payment process and your order will be available for our writing team to work on it.