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Bob's is a retail chain of specialty hardware stores

Finance

Bob's is a retail chain of specialty hardware stores. The firm has 17,000 shares of stock outstanding that are currently valued at $64 a share and provide a 13.6 percent rate of return. The firm also has 700 bonds outstanding that have a face value of $1,000, a market price of $1,060, and a 5 percent coupon. These bonds mature in 10 years and pay interest semiannually. The tax rate is 12 percent. What is the firm's WACC?

WACC =  %

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