Emeka Industries can borrow funds at a 7 percent interest rate. Its preferred stock sells for 40$/share and pays an annual dividend of 48/share. The company has a beta of 1.9, risk-free investments currently pay 4 percent. The company pays taxes at a 40 percent rate. The required rate of return for an average stock is 9 percent. Emeka's Target Capital structure consists of 10 percent preferred stock, 60 percent debt, and.... What is the Emeka's WACC