You are given the following information concerning Baron Co. Calculate the WACC for Baron Co. Debt:...

You are given the following information concerning Baron Co. Calculate the WACC for Baron Co.

Debt: 10,416 5% coupon bonds outstanding, quoted at 105, with 20 years to maturity. These bonds pay interest semiannually.
Common Stock: 350,000 shares common stock selling for $56.88 per share. The stock has a beta of 1.00.
Preferred Stock: 10,000 shares of preferred stock with a dividend of $5.20 per share. It is currently selling at $101.09 per share.
Market: The market premium is 7.5%, and the risk-free rate of return is 2.5%.
tax bracket = 35%

Baron's WACC =________% (Round your answer to two decimal places in percentage. For example, if your answer is 0.0547, input your answer as 5.47.)

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