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5. The Big Lake Barbecue Co. has the following capital structure: Bonds $45,000,000 Preferred Stock $18,000,000 Common Stock $95,000,000 Retained Earnings $68,000,000 The specific costs

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5. The Big Lake Barbecue Co. has the following capital structure: Bonds $45,000,000 Preferred Stock $18,000,000 Common Stock $95,000,000 Retained Earnings $68,000,000 The specific costs of capital are as follows: Bonds 6.1% Preferred Stock 7.9% Common Stock 11.8% Retained Earnings 10.7% Calculate the WACC

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