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Show calculations please
Consider the following information for Evenflow Power Co. 3,500 7 percent coupon bonds outstanding, $1,000 par value, 21 years to maturity, selling for 102 percent of par, the bonds make semiannual payments. 77000 shares outstanding, selling for $60 per share; the beta is 108 Debt Common stock Preferred stock 10.500 hares of o.s percent preferred stock outstanding currently selling for $103 per share. 8.5 percent market risk premium and 6 percent risk-free rate Market Assume the companys tax rate is 34 percent. Required: Find the WACC. (Do not round your imtermediate calculations.)
Multiple Choice 9.93% 10.43% 10.11% 10.93% 10.03%
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