Check my work MicroTech Corporation is subject to a 31% income tax rate. Given the following information about the firm's capital structure, calculate the corporation's weighted average cost of capital (WACC) (Do not found intermediate calculations. Round your answers to 2 decimal places. (i.e. 0.1234 =12.34%).) After-Tax Rate or Expected Source of Funds Market Value Long-tern debt $ 20 million Preferred stock Common stock 100 million 80 million Return 9X 11 15 Components for WACC Calculation % Source of Funds Long-term dobt Preferred stock Common stock % % %