Cream and Crimson Foods has a target capital structure of calling for 40.00 percent debt, 3.00 percent preferred stock, and 57.00 percent common equity (retained earnings plus common stock). Its before-tax cost of debt is 11.00 percent. The tax rate is 40.00%. Its cost of preferred stock is 11.28%. Its cost of common equity is 13.78%. Find the WACC for Cream and Crimson Foods? Answer Format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924) Enter Answer Here... Submit