Question: 12. Problem 9-07 (WACC) eBook Problem Walk-Through WACC Shi Import-Export's balance sheet shows $300 million in debt, $50 million in preferred stock, and $250 million

12. Problem 9-07 (WACC) eBook Problem Walk-Through WACC Shi Import-Export's balance sheet shows $300 million in debt, $50 million in preferred stock, and $250 million in total common equity. Shi's tax rate is 25%, Te = 29.6.3% andr - 11%. If Shi has a target capital structure of 30% debt, 5% preferred stock, and 65% common stock, what is its WACC? Round your answer to two decimal places %

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