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CSLR has 1 0 , 0 0 0 shares of common stock outstanding at a market price of $ 2 0 a share. There are

CSLR has 10,000 shares of common stock outstanding at a market price of $20 a share. There are no shares of preferred stock outstanding. The tax rate is 21%. The firm has a before tax cost of debt of 5%, a cost of equity of 13%, and a cost of preferred stock of 8%. The bond issue has a total face value of $50,000 and sells at face value ($1,000). What is the weighted average cost of capital for CSLR?

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