Highfield Stockyard has a target capital structure of 60 percent common seo percent preferred stock, and 35 percent debt. The company's cost of cours percent, the cost of preferred stock is 5 percent, and the pretax cost of est seront The relevant tax rate is 30 percent. a. Calculate the company's WACC? (Do not round intermediate calculators. Esta your answer as a percent rounded to 2 decimal places, eg, 32.56) 1% WACC