Given the following information for Alexandria Power Company, find the WACC -

Given the following information for Alexandria Power Company, find the WACC. Assume the company’s tax rate is 35 percent. Debt: 4,000 7 percent bonds outstanding, EGP 1,000 par value, 20 years to maturity, selling for 105 percent of par; the bonds make semiannual payments. Common stock: 90,000 shares outstanding, selling for EGP 60 per share; the beta is 1.10. Preferred stock: 13,000 shares outstanding, currently selling for EGP 110 per share. Market: 8 percent market risk premium and 6 percent risk-free rate. NOTE: This question is NOT our property; we are only suggesting solution of this question.

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