*I know the answer is 13.88. Can someone please show me the steps? * Easy Car Corp. is a grocery store located in the So

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answerhappygod
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*I know the answer is 13.88. Can someone please show me the steps? * Easy Car Corp. is a grocery store located in the So

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*I know the answer is 13.88. Can someone please show me thesteps? *
Easy Car Corp. is a grocery store located in the Southwest. Itpaid an annual dividend of ​$2.00 last year to its shareholders andplans to increase the dividend annually at the rate of 4.0​%. Itcurrently has 2,000,000 common shares outstanding. The sharescurrently sell for ​$14 each. Easy Car Corp. also has 30,000semiannual bonds outstanding with a coupon rate of 10​%, a maturityof 26 ​years, and a par value of ​$1,000. The bonds currently havea yield to maturity​ (YTM) of 11%. What is the weighted averagecost of capital (WACC) for Easy Car Corp. if the corporate tax rateis 20%?
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