Question 8 7 points Save Answer At 2018 ABI Construction has a face debt value of 20.59M trading at 87% with a pre-tax weigthed cost of 6.22%. ABI common equity for the year was valued at 118.46M and preferred equity for 11.04M. The Preferred equity rate was calculated to be 8.86%. However, the common equity was to be calculated using CAPM approach, with a 3% risk free rate and a 7% market risk premium rate, assuming a 1.37 Beta. If the tax rate is 39%, What is this firm's WACC? NOTE: Answer in percentages. That is, if your answer is 90% or 0.90, you should answer 90.00, not 0.90