8 Given the following information, calculate the WACC. Capital Structure: Debt = 40% Pref Stock = 20% Common St=40% Additional Information: Corporate Tax rate Preferred Dividend 25% $8.50 Expected Common Dividend = $2.50 Preferred Price - $105.00 Growth Rate = 7% Bond Yield = 9.5% Preferred Floatation Cost = $3.60 Common Stock Price = $75.00