A firm is financed 76% by common stock, 8% by preferred stock and 19% by debt. The required return is 16% on the common, 11% on the preferred, and 5% on the debt. If the tax rate is 21% what is the WACC?

A firm is financed 76% by common stock, 7% by preferred stock and 17% by debt. The

required return is 14% on the common, 8% on the preferred, and 6% on the debt. If the tax rate

is 21% what is the WACC?