Homemade Flying Machines has a capital structure of 34% debt, 10% preferred stock and 56% common stock. The pre-tax cost of debt is 4.5%, the cost of preferred stock is 8% and the cost of equity is 13%. The firm's marginal tax rate is 21%. Part 1 What is the company's weighted average cost of capital? 3+ decimals Attempt 2/10 for 10 pts. Submit