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A company has a capital structure that consists of $55 milion of debt, $5 milion of preferred stock, and $25 milion of commich equity, based

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A company has a capital structure that consists of $55 milion of debt, $5 milion of preferred stock, and $25 milion of commich equity, based upon current market values. The yield to matunty on its bonds is 10.5%, and investors require 12% return on the compeny's preferred stock and 17.5% teturn on the comrnon stock. If the tax tate is 35%, what is the current WACC of this company? 10274 1139% 1073% 1323% 12.12%

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