Question: According to Ryze Tech's balance statement, its total debt is $30 million, its preferred stock is worth $5 million, and its total equity is $25

 According to Ryze Tech's balance statement, its total debt is $30

According to Ryze Tech's balance statement, its total debt is $30 million, its preferred stock is worth $5 million, and its total equity is $25 million. The tax rate is 25%, while cost of debt is 5%, cost of prefereed stock is 2.6%, and cost of common equity is 14%. What is Ryze's WACC (in percent) if its intended capital structure is 75% common stock, 20% debt, and 5% preferred stock

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