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(Solved): Hyden Tech has 300,000 shares of common stock outstanding at a price per share of $27 and a rate of ...



Hyden Tech has 300,000 shares of common stock outstanding at a price per share of $27 and a rate of return of 14 %. The firm has 60,000 shares of preferred stock outstanding at a price of $40 a share. The preferred stock has a par value of $100, paying $5 dividend annually. The outstanding debt has a total face value of $3,500,000 and currently sells for 102 % of face. The yield-to-maturity on the debt is 8.2 %. The corporate tax rate is 20%. What is the firm's weighted average cost of capital (WACC) %?



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