Question: need help please Question 26 (3.5 points) Marginal Incorporated (MI) has determined that its before-tax cost of debt is 10.0%. Its cost of preferred stock

need help please need help please Question 26 (3.5 points) Marginal Incorporated (MI) has determined

Question 26 (3.5 points) Marginal Incorporated (MI) has determined that its before-tax cost of debt is 10.0%. Its cost of preferred stock is 14.0%. Its cost of internal equity is 16.0%, and its cost of external equity is 21.0%. Currently, the firm's capital structure has $372 million of debt, $30 million of preferred stock, and $198 million of common equity. The firm's marginal tax rate is 25%. The firm is currently making projections for the next period. Its managers have determined that the firm should have $70 million available from retained earnings for investment purposes next period. What is the firm's marginal cost of capital at a total investment level of $153 million? O 12.28% 10.63% 11.46% 13.83% 12.18%

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