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Cream and Crimson Foods has a target capital structure of calling for 44.00 percent debt, 4.00 percent preferred stock, and 52.00 percent common equity (retained

Cream and Crimson Foods has a target capital structure of calling for 44.00 percent debt, 4.00 percent preferred stock, and 52.00 percent common equity (retained earnings plus common stock). Its before-tax cost of debt is 12.00 percent. The tax rate is 40.00%. Its cost of preferred stock is 11.33%. Its cost of common equity is 14.22%.

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))

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