Ivanhoe Co. has a capital structure, based on current market values, that consists of 35 percent debt, 8 percent preferred stock, and 57 percent common stock. If the returns required by investors are 9 percent, 13 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, e.g. 15.2%.) After tax WACC %

Ivanhoe Co. has a capital structure, based on current market values, that consists of 35 percent debt, 8 percent preferred stock, and 57 percent common stock. If the returns required by imvestors are 9 percent, 13 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 \\%