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Weighted Average Cost of Capital (WACC)

Working with weighted average cost of capital.

Given the following information for Acme Corporation, find the weighted average cost of capital. Assume the company's tax rate is 35%. Debt: 10,000 9 percent coupon bonds outstanding, $1,000 par value, 12 years to maturity, selling for 103 percent of par; the bonds make annual payments. Common stock: 100,000 shares outs