Question
A firm has the following capital components and costs. Component Value After-Tax Cost Debt 15,642 9 % Preferred Stock 8,877 7 % Common Equity 10,823
A firm has the following capital components and costs.
| Component | Value | After-Tax Cost |
| Debt | 15,642 | 9 % |
| Preferred Stock | 8,877 | 7 % |
| Common Equity | 10,823 | 14 % |
What is the firm's weighted average cost of capital? ______% (to two decimal places)
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Real Estate Finance And Investments
Authors: William Brueggeman, Jeffrey Fisher
13th Edition
0073524719, 9780073524719
