X Your answer is incorrect. Pharoah Co. has a capital structure, based on current market values, that consists of 35 percent debt, 9 percent preferred stock, and 56 percent common stock. If the returns required by investors are 8 percent, 10 percent, and 15 percent for the debt, preferred stock, and common stock. respectively, what is Pharoah's after-tax WACC? Assume that the firm's marginal tax rate is 28 percent. (Do not round intermediate calculations. Round answer to 1 decimal place, e.g. 15.2%.) After tax WACC 10.98 %