A firm has determined its target capital structure and it after-tax cost for each source of capital. What is the firm's weighted average cost of capital (WACC)? (Enter your answers as a percentge rounded to 2 decimal places) Your Answer: Answer units Hide hint for Question 12 Weight average cost of capital = weight of long-term debt* cost of debt(after tax)+weight of preferred stock* cost of preferred stock+ weight of common stock cost of equity (or common stock)