Filer Manufacturing has 5,685,822 shares of common stock outstanding. The current share price is $38.15, and the book value per share is $8.77. Filer Manufacturing also has two bond issues outstanding. The first bond issue has a face value of $58,687,458, has a 0.05 coupon, matures in 10 years and sells for 83 percent of par. The second issue has a face value of $58,030,315, has a 0.06 coupon, matures in 20 years, and sells for 92 percent of par. The most recent dividend was $0.66 and the dividend growth rate is 0.04. Assume that the overall cost of debt is the weighted average of that implied by the two outstanding debt issues. Both bonds make semiannual payments. The tax rate is 0.33.  What is Filer's WACC? Enter the answer with 4 deci

Florida Manufacturing has 7.3 million shares of common stock outstanding. The current share price is $43, and the book value per share is $3. Filer Manufacturing also has two bond issues outstanding. The first bond issue has a face value of $68.0 million and a coupon rate of 6.0 percent and sells for 109.3 percent of par. The second issue has a face value of $58.0 million and a coupon rate of 6.5 percent and sells for 106.9 percent of par. The first issue matures in 7 years, the second in 28 years. Suppose the company’s stock has a beta of 1.4. The risk-free rate is 2.1 percent, and the market risk premium is 6.0 percent. Assume that the overall cost of debt is the weighted average implied by the two outstanding debt issues. Both bonds make semiannual payments. The tax rate is 34 percent. What is the company’s WACC? (Do not round intermediate calculations and round your answer to 2 decimal places. (e.g., 32.16))

Consider the following information for Evenflow Power Co.,              Debt:   4,000 7.5 percent coupon bonds outstanding, $1,000 par value, 23 years to maturity, selling for 104 percent of par; the bonds make semiannual payments.     Common stock:   100,000 shares outstanding, selling for $61 per share; the beta is 1.1.     Preferred stock:   13,000 shares of 6.5 percent preferred stock outstanding, currently selling for $105 per share.     Market:   9 percent market risk premium and 6 percent risk-free rate.        Assume the company's tax rate is 32 percent.    Required:    Find the WACC. (Do not round your intermediate calculations.)   Multiple Choice   11.21%   10.96%   11.63%   10.71%   10.81%

Filer Manufacturing has 5,321,196 shares of common stock outstanding. The current share price is $52.83, and the book value per share is $9.19. Filer Manufacturing also has two bond issues outstanding. The first bond issue has a face value of $43,973,360, has a 0.05 coupon, matures in 12 years and sells for 93 percent of par. The second issue has a face value of $50,007,464, has a 0.07 coupon, matures in 20 years, and sells for 89 percent of par. What is Filer's weight of debt on a market value basis? Enter the answer with 4 decimals (e.g. 0.2345)

Filer Manufacturing has 4,308,744 shares of common stock outstanding. The current share price is $42.19, and the book value per share is $9.71. Filer Manufacturing also has two bond issues outstanding. The first bond issue has a face value of $46,309,431, has a 0.08 coupon, matures in 8 years and sells for 82 percent of par. The second issue has a face value of $41,779,016, has a 0.06 coupon, matures in 20 years, and sells for 80 percent of par. What is Filer's weight of debt on a market value basis? Enter the answer with 4 decimals (e.g. 0.2345)