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Estimate your firm s Weighted Average Cost of Capital. Assume that the current risk - free rate of interest is 3 . 4 % ,

Estimate your firms Weighted Average Cost of Capital. Assume that the current risk-free rate of interest is 3.4%, the market risk premium is 4.4%, and the corporate tax rate is 21%.
Debt:
Total book value: $11 million
Total market value: $15 million
Coupon rate: 5%
Yield to Maturity: 5%
Common Stock:
Total book value: $11 million
Total market value: $19 million
Beta =0.8
Preferred Stock:
Total book value: $3 million
Total market value: $6.1 million
Price per share: $15
Dividend per share: $1
What is your firms Weighted Average Cost of Capital (input as a raw number rounded to the 4 decimal places, i.e. if your answer is 7.1356%, input 7.1356)?

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