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At 2018 ABI Construction has a face debt value of 20.12M trading at 96% with a pre-tax weigthed cost of 6.20%. ABI common equity for

At 2018 ABI Construction has a face debt value of 20.12M trading at 96% with a pre-tax weigthed cost of 6.20%. ABI common equity for the year was valued at 108.30M and preferred equity for 12.02M. The Preferred equity rate was calculated to be 7.99%. However, the common equity was to be calculated using CAPM approach, with a 3% risk free rate and a 7% market risk premium rate, assuming a 1.15 Beta. If the tax rate is 40%, What is this firms WACC?

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