05/21 05/21 22mc2 2023/05 1029-82 Priya Pickles Ltd (PPL) has 2 million shares of common stock outstanding, 1 million shares of 6 percent preferred outstanding, and 300,000 $1,000 par, 7 percent semiannual coupon bonds outstanding. The stock sells for $70 per share and has a beta of 1.8, the preferred stock sells for $40 per share, and the bonds have 15 years to maturity and sell for 80 percent of par. The market return as proxied by Dow Jones are 12 percent, T-bills are yielding 4 percent, and the firm's tax rate is 35 percent. What is PPL's WACC? 082770 Perce [8] 2022mc2102 70.2023/05/21