Question: Please explain Question 3 (1 point) Garden Tools Inc. has bonds, preferred stock, and common stocks outstanding. The number of securities outstanding, the current market

Please explain
Please explain Question 3 (1 point) Garden Tools Inc. has bonds, preferred

Question 3 (1 point) Garden Tools Inc. has bonds, preferred stock, and common stocks outstanding. The number of securities outstanding, the current market price, and the required rate of return for these secilrities are stated in the table below. The firm's tax rate is 35%. Calculate the firm's WACC adjusted for taxes using the market information in the table. Round the answers to two decimal places in percentage form. Write the percentage sign in the units" box) The Number of Securities Selling The Required Rate of Outstanding price Return Bonds 1,451 $877 8,43% Preferred 5,958 $89.45 Stocks Common 1,900 $139.19 14.29% Stocks 15.54% Your Answer: Answer units

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