Power Financial Corp Has a Current Share Price of $34,and

Multiple Choice

Power Financial Corp has a current share price of $34,and a market capitalization of $24 billion.The company is expected to pay a dividend of $0.37 per share,with a dividend growth rate of 4% per year.The firm has $18 billion of debt with a yield to maturity of 6%.If the firm's tax rate is 30%,what is Power Financial's WACC?

A) 5.00%
B) 4.65%
C) 4.71%
D) 5.49%
E) 5.55%