(NOTE: This problem is using CAPM as the only method to find fF, The dividend growth model is not being used, so drvidend information is not given) Step by Step Contractors has the following information: A Beta of 0.75 A current price of common stock of $30/ share, with 39M shares outstanding - A preferred dividend of $14 with a current price of preferred stock of $200, and 50,000 shares outstanding Step by Step's Tax Rate is 20% The expected return on the market is 11% and the risk-ftee rate is 3% Using Excel find the WACC for Step by Step Contractors