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Given the following information for Jax Corp. Find the WACC. Tax rate35 percent Debt: Bonds outstan

Given the following information for Jax Corp. Find the WACC. Tax rate35 percent Debt: Bonds outstan

Given the following information for Jax Corp. Find the WACC.Tax rate35 percentDebt:Bonds outstanding:6000Coupon on bonds:4 percentPar value of bonds:$1000Bonds selling at what percent of par:105Bonds make coupon payments:semi-annuallyYears to maturity of bonds25Common Stock:Shares Outstanding:185,000Current price/share:$58.00Beta:1.10Market Information:Risk premium:7 percentRisk-free rate5 percentPossible multiple choice answers (please show work so I know howto do it!):WACC=8.89%WACC=8.45%WACC=9.37%