Given the following information of Electric Transport Debt value: $75,000.
Debt information: 8.4 percent coupon bonds outstanding. $1,000 par value, 22 years to maturity, selling for $1,030, the bonds make annual payments
Equity value: $175,000.
Equity information: Beta is 1.21, Market return is 13.1%, and Risk-free rate is 5.1%
Assume the company's tax rate is 40%.
Calculate the WACC for this firm.
11.80%
12.78%
7.48%
9.19%