Question: Question 27 1 pts Target% in Capital Structure Debt 40% Preferred Stock 10% Equity 50% Tax Rate = 34% Outstanding Bond Preferred Stock Info Common

Question 27 1 pts Target% in Capital Structure Debt 40% Preferred Stock 10% Equity 50% Tax Rate = 34% Outstanding Bond Preferred Stock Info Common Stock Info (Annual Coupons) Preferred $3.00 Divided Current Dividend $3.00 Time to Maturity (years) 10 Current Current Market $60.00 Price Price $50.00 Coupon Rate APR 5.00% Preferred Expected 5.00% Growth in 2.16% Yield Dividends Face Value $1,000 $1.000 Expected Return on 18.29% Equity Current Market Price $1 240 YTM 2.29% Using the information in the table, what is the firm's WACC? State your answer as a percentage to two decimal places le g. 5.30)

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