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10.25% is also an answer choise Western Electric has 28,500 shares of common stock outstanding at a price per share of $72 and a rate

10.25% is also an answer choise
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Western Electric has 28,500 shares of common stock outstanding at a price per share of $72 and a rate of return of 13.35 percent. The firm has 6,950 shares of 710 percent preferred stock outstanding at a price of $91,50 per share. The preferred stock has a par value of $100. The outstanding debt has a total face value of $383,000 and currently selfs for 107.5 percent of face. The yield to maturity on the debt is 787 percent. What is the firm's weighted average cost of capital if the tax rate is 21 percent? Multiple Choice 10.48% 11485 1126% e 10.68%

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