Question: Bean's Coffee is trying to determine their weighted average cost of capital ( WACC ) . They've gathered the following information about their capital structure:

Bean's Coffee is trying to determine their weighted average cost of capital (WACC). They've gathered the following information about their capital structure:
Capital Source Market Value (in millions) Book Value (in millions) Required Return
Common Stock 2025013%
Preferred Stock 1897%
Debt 58505%
Bean's Coffee also has a corporate tax rate of 30%. What is the WACC for Bean's Coffee?

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