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Beach Blanket Barn has pretax cost of debt of 8 % , cost of common equity of 1 1 % , and 7 % preferred

Beach Blanket Barn has pretax cost of debt of 8%, cost of common equity of 11%, and 7% preferred stock that currently sells for $106. Their target capital structure is 30% debt, 60% equity and 10% preferred stock. The current corporate tax rate is 28%. The current market value of Beach is $4 million. What is Beachs WACC? Answer is 7.43. How do I get this?

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