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Assume Lowes Companies Inc. has a capital structure composed of 5 5 . 0 0 % common equity, 2 5 . 0 0 % preferred

Assume Lowes Companies Inc. has a capital structure composed of 55.00% common equity, 25.00% preferred stock, and 20.00% debt. Their cost of equity is 19.00%, their cost of preferred stock is 6.00%, and their cost of debt is 8.00%. If the firm's marginal tax rate is 23.00%, what is its WACC?
11.00%
11.68%
13.55%
13.18%
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