A firm is financed 79% by common stock, 9% by preferred stock and 16% by debt. The

required return is 16% on the common, 11% on the preferred, and 6% on the debt. If the tax rate

is 21% what is the WACC?

A firm is financed 63% by common stock, 10% by preferred stock and 15% by debt. The

required return is 17% on the common, 11% on the preferred, and 4% on the debt. If the tax rate

is 21% what is the WACC?