Question: Hyden Tech has 3 0 0 , 0 0 0 shares of common stock outstanding at a price per share of $ 2 7 and

Hyden Tech has 300,000 shares of common stock outstanding at a price per share of $27 and a rate of return of 14%. The firm has 60,000 shares of preferred stock outstanding at a price of $40 a share. The preferred stock has a par value of $100, paying $5 dividend annually. The outstanding debt has a total face value of $3,500,000 and currently sells for 102% of face. The yield-to-maturity on the debt is 8.2%. The corporate tax rate is 20%. What is the firm's weighted average cost of capital (WACC)%?

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