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Billick Brothers is estimating its WACC.  The company has collected the following information: ·         Its capital structure...

Billick Brothers is estimating its WACC.  The company has collected the following information:
·         Its capital structure consists of 15 percent debt and 85 percent common equity.
·         The company has 14-year bonds outstanding with a 8.9 percent annual coupon that are trading at $1,100.
·         The company’s tax rate is 34 percent.
·         The risk-free rate is 5.7 percent.
·         The market risk premium is 1.3 percent.
·         The stock’s beta is 1.8.
What is the company’s WACC?
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