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Question 12 (0.2 points) A firm has determined its target capital structure and it after-tax cost for each source of capital. What is the firm's weighted average cost of capital (WACC)? (Enter your answers as a percentge rounded to 2 decimal places) Source of Capital Long-term Debt (after taxes) Preferred Stock Common Stock Cost 3% Proportion 30% 10% 60% 8% 13% Your Answer: Answer units Hide hint for Question 12 Weight average cost of capital= weight of long-term debt* cost of debt(after tax)+weight of preferred stock* cost of preferred stock+ weight of common stock cost of equity (or common stock)