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Compute WACC, given the following: $126MM in debt with interest payments of 7.22% but the ability to borrow at 6.93%, $39MM in preferred equity
Compute WACC, given the following: $126MM in debt with interest payments of 7.22% but the ability to borrow at 6.93%, $39MM in preferred equity priced at $19.78 per share with an annual dividend of $1.81 and $283MM in common equity on which investors demand 15.23% return. The company faces a 35% tax rate. (Enter your answer as a percent with 2 decimal places but without the % symbol. For example, if you compute 25.00%, enter 25.00)
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