Question: These answer are incorrect? Does anyone know how to solve for the correct answers? Ninecent Corporation has a target capital structure of 75 percent common

These answer are incorrect? Does anyone know how to solve for the correct answers?

These answer are incorrect? Does anyone know how to solve for the

Ninecent Corporation has a target capital structure of 75 percent common stock, 10 percent preferred stock, and 15 percent debt. Its cost of equity is 10 percent, the cost of preferred stock is 6 percent, and the pretax cost of debt is 7 percent. The relevant tax rate is 22 percent. a. What is the company's WACC? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. What is the aftertax cost of debt? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.161)

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