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1 Chevy Corp. has common shares with a current total market value of $75,000,000, and a cost of equity of 29%. The company has total

1 Chevy Corp. has common shares with a current total market value of $75,000,000, and a cost of equity of 29%. The company has total debt outstanding that has a market value of $60,000,000 and a cost of 8%. Chevy also has preferred shares with a market value of $15,000,000 and a related cost of 7%. The company's marginal tax rate is 25%. Required: Calculate Chevy's WACC McGraw Hill 12-57

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