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