Question: Ivanhoe Co. has a capital structure, based on current market values, that consists of 25 percent debt, 15 percent preferred stock, and 60 percent common

Ivanhoe Co. has a capital structure, based on current market values, that consists of 25 percent debt, 15 percent preferred stock, and 60 percent common stock. If the returns required by investors are 8 percent, 12 percent, and 15 percent for the debt, preferred stock. and common stock, respectively, what is Ivanhoe's after-tax WACC? Assume that the firm's marginal tax rate is 28 percent. (Do not round intermediate calculations. Round answer to 1 decimal place, es. 15.2\%.) After tax WACC %

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