Question: Need Help with Finance Question. Please answer with as much detail as you can. I'll like your correct answer. Thank you. lack' Pimza Shop has

Need Help with Finance Question. Please answer with as much detail as you can. I'll like your correct answer. Thank you.

lack' Pimza Shop has a cost of debt of 7%, a cost of equity of 11%, and a cost of preferred stock of 8%. The market capitalization of the common stock is $2,080,000. Preferred stock has a total market value of $1,360,000. The bond issue has a market value of $510,000. The tac rate is 34%. What is the weighted average cost of capital? Please show your work to get full credit for this

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