-Compute the WACC of a firm that currently has $1 million in debt and $2 million in equity and $1 million in preferred stock. The current yield to maturity on the firms debt is 2%. Equity holders require a 6% return and preferred stock holders require a 3.3% return. The current tax rate that applies to the firm is 30%. Write your answer as a decimal.

-Compute the Weighted average cost of capital (WACC) assuming the firms cost of debt is 4% and the firms cost of equity is 11.4%. Assume the firm is equally financed by both debt and equity and the tax rate is zero. Write the answer as a decimal.