Question: Suppose Fastest Company's current balance sheet showed book value weights of 32 percent debt, 11 percent preferred shares, and 57 percent common equity. Assuming its

Suppose Fastest Company's current balance sheet showed book value weights of 32 percent debt, 11 percent preferred shares, and 57 percent common equity. Assuming its cost of debt was 3 percent, the cost of preferred shares was 5 percent, and the cost of common equity was 9 percent, estimate Fastest Company's WACC (based on these book value weights).

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