Question: Please show your work for I can learn how to solve similar questions. Garden Tools Inc. has bonds, preferred stock, and common stocks outstanding. The

Garden Tools Inc. has bonds, preferred stock, and common stocks outstanding. The

Please show your work for I can learn how to solve similar questions.

number of securities outstanding, the current market price, and the required rate

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 securities 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 decima/ places in percentage form. (Write thepercentage sign in the "units box) Bonds Preferred Stocks Common Stocks The Number of Securities Outstanding 1,788 5,653 1,154 Selling price $1,071 $53.18 $94.22 The Required Rate of Return 8.49% 18.99% 17.02%

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