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If the risk-free rate is 1.1% and the expected market return is 8.2%, what is...

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Finance

If the risk-free rate is 1.1% and the expected market return is 8.2%, what is the WACC of the company with the following characteristics? Answer in percent, rounded to two decimal places. Market value of debt: $300 million Market price of each share: $27 Number of shares outstanding: 50 million Tax rate: 23.9% The average yield on current debt (pre-tax cost of debt): 4.4% Beta: 1.22

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