MicroTech Corporation is subject to a 37% income tax rate. Given the following information about the firm's capital structure, calculate the corporation's weighted average cost of capital (WACC): (Do not round intermediate calculations. Round your answers to 2 decimal places. (i.e. 0.1234 = 12.34%).) Source of Funds Long-term debt Preferred stock Common stock Market Value $ 70 million 20 million 70 million After-Tax Rate or Expected Return 8% 10 14 Source of Funds Components for WACC Calculation % Long-term debt Preferred stock % Common stock % %