Consider the case of Kuhn Co. Kuhn Co. is considering a new project that will require an initial investment of $4 million. It has a target capital structure of 58% debt, 6% preferred stock, and 36% common equity. Kuhn has noncallable bonds outstanding that mature in five years with a face value of 10%, and a market price of $1,050.76. The yield on the company's current bonds is a good approximation of the yield on and issues. The company can sell shares of preferred stock that pay an annual dividend of $9 at a price of $95.70 per share. Kuhn does not have any retained earnings available to finance this project, so the firm will have to issue new common stock to help fund it. Its common stock is currently selling for $22.35 per share, and it is expected to pay a dividend of $1.36 at the end of represent 8% of the funds raised by issuing new common stock. The company is projected to grow at a constant rate of 9.2%, and they face a tax rate of 25%. What will be the WACC for this project? (Note: Round your intermediate calculations to two decimal places.) Consider the case of Kuhn Co. Kuhn Co. is considering a new project that will require an initial investment of $4 million. It has a target issues. The company can sell shares of prefered stoct an annual dividend of $9 at a price of $95.70 per share. represent 8% of the funds raised by issuing new comr The company is projected to grow at a constant rate of 9.2%, and they face rate of 25%. What will be the WACC for this project? (Note: Round your intermediate calculations to two decimal places.)