Given the following information for Janicek Power Co., find the WACC. Assume the company's tax rate is 35%.

Given the following information for Janicek Power Co., find the WACC. Assume the company's tax rate is 35%.

Debt: 5,000 8 % coupon bonds outstanding, $1000 par value, 10 years to maturity, selling for 96% of par; the bonds make semiannual payments.

Common stock: 60,000 shares outstanding, selling for $75 per share; beta is 1.10.

Preferred stock: 9,000 shares of 5.5 percent preferred stock outstanding, currently selling for $60 per share.

Market: 8% market risk premium and 6% risk-free rate.

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n= no of years
k= 5.7%

EQUITY:
r= rf+ beta(rm-rf)
= 6%+1.1(8%)=14.8%

Preferred stock:
R=5.5%

Total capital= Debt+ ...