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313 O Raylan Givens Incorporated has a target capital structure of 23.00% notes payable (debt), 5.00% preferred stock and 72.00% common stock Currently, banks want

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313 O Raylan Givens Incorporated has a target capital structure of 23.00% notes payable (debt), 5.00% preferred stock and 72.00% common stock Currently, banks want 8.00% on their notes, preferred stock owners would like 11.00%, while common stock holders require 15.00%. In the marginal tax rate is 36.00%, find te weighted average cost of capital for Givens Submit Answer format: Percentage Round to: 2 decimal places (Example 9 24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0 0924)

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