1 pts Question 3 Target% in Capital Structure Debt 40% Preferred Stock 10% Equity 50% Tax Rate 27% Outstanding Bond Preferred Stock Into Common Stock Info Preferred $3.00 Divided (Annual Coupons) Current Dividend $3.00 Time to Maturity 10 |years) Current Market Price Current $60.00 $50.00 Price Coupon Rate 5.00% Expected Preferred 5.00% Growth in 2.16% Yield Dividends APR Face Value $1.000 Expected Return on 8.29% Equity 3.29% Current Market Price $1.240 YTM 2.29% Using the information the table, what is the firm's WACC? State your answer as a percentage to two decimal places (e.g., 5.30) Question 6 1 pts Based on the information in the table below, what is the firm's WACC? Target % in Capital Structure Component Component Cost (pre-tax) Cost (after-tax) Weighted Component Debt 20.00% 2.99% Preferred Stock 10.00% 4.44% 4.44% Equity 70.00% 13.50% 13.50% Tax Rate 40.00% WACC - O 13.50% o None of the choices is correct O 10.25% o 10.13% O 10.49%