Question: Cullumber Co . has a capital structure based on current market values, that consists of 4 0 % debt, 1 9 % preferred stock, and

Cullumber Co. has a capital structure based on current market values, that consists of 40% debt, 19% preferred stock, and 41% common stock. If the returns required by investors are 9%,11%, and 15% for the debt, preferred stock, and common stock, respectively, what is Cullumber's after tax WACC? Assume that the firms marginal tax rate is 28%

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