In: Finance
Based on the information in the table, what is the firm's WACC? Target % in Capital Structure Outstanding Bond Debt 30.00% (Annual Coupons) Preferred Stock 15.00% Time to Maturity (years) 10 Equity 55.00% Coupon Rate APR 2.00% Tax Rate = 28.00% Face Value $1,000.00 Current Market Price $950.00 Preferred Stock Info Preferred Divided $2.00 Current Market Price $60.00 Common Stock Info Current Dividend $1.00 Current Price $43.00 Expected Growth in Dividends $0.02