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Based on current market values, the FIN340 Company has calculated its capital structure weightings to be comprised of 66% common stock, 9% preferred stock, and

Based on current market values, the FIN340 Company has calculated its capital structure weightings to be comprised of 66% common stock, 9% preferred stock, and 25% debt; The pre-tax cost for each is common stock 11.30%, preferred stock 4.40%, and debt 9.20% and the company has a tax rate of 21%; What is the FIN340 Company's weighted average cost of capital (WACC)

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