Question 11 (3.5 points) Suppose FFT Company's current balance sheet showed book value weights of 34% debt, 13% preferred shares, and 53% common equity. Assuming its cost of debt was 4%, the cost of preferred shares was 5.8%, and the cost of common equity was 9%, tax rate is 20%, estimate the company's WACC? (format of the answer: use percentage form with 2 decimal places, i.e. 9.27% is correct format, not 0.0927, not 9.3%) A/