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(Estimated time allowance: 7 minutes) Compute the WACC of the Carton Inc. Carton's debt has a market value of $500,000; its preferred stock has a market value of $100,000 and its common stock has a market value of $600,000. The debt has a cost of 9%, preferred stock a cost of 10%, and common stock a cost of 16%. The firm has a tax rate of 30%. Use percentage denomination rounding to the nearest 2 decimals. Do not use the % sign in your answer. For example, if the answer is 0.13237 (13.237%) enter your answer as 13.24 Your