Given the following market weights for each type of capital for a firm and the cost of each type of capital, what is the expected return of this investment, assume the firm has a 20% tax rate?

Enter your answer to 2 decimals (x.xx) If the final answer is 7.25%, enter 7.25

Type of Capital	Market weight for each capital source	Cost of capital
Common stock	45%	12.6%
Preferred stock	15%	8.6%
Bonds (long-term debt)	40%	7% pre-tax