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5. Tyler Chicken's debt has a market value of $54 million, its preferred stock has a market value of $16 million, and its common

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5. Tyler Chicken's debt has a market value of $54 million, its preferred stock has a market value of $16 million, and its common stock has a market value of $65 million. Tyler's cost of debt is 7.5%, its cost of preferred equity is 8.1%, and its cost of common equity is 13.7%. Assuming a 35% marginal tax rate, what is Tyler's WACC? (2 Points) = WACC EDRD(1-T) + WERR + WERE Rd=7.5% 1-35% Rp= 8.1% Re= 13.7%

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