Homework: Chapter 13 Homework Save ome Score: 0 of 1 pt hange P 13-15 (similar to) 13 of 20 (14 complete) HW Score: 61.25%, 12.25 of 20 pts s Question Help AllCity, Inc., is financed 40% with debt, 10% with preferred stock, and 50% with common stock. Its cost of debt is 6.2%, its preferred stock pays an annual dividend of $2.48 and is priced at $26. It has an equity beta of 1.14. Assume the risk-free rate is 2.3%, the market risk premium is 7.5% and AllCity's tax rate is 35%. What is its after-tax WACC? Note: Assume that the firm will always be able to utilize its full interest tax shield. orked The WACC is %. (Round to two decimal places.) t Scor ots: mew stion lestion 4 stion estion stion Jestion tion estion tion estion Eto Enter your answer in the answer box and then click Check Answer All parts showing Clear All Check Answer N 320 Fall 2020 Prof Hoven Stohs WEB Section 55) is based on FIN 320 Fundamentals of Corporate Finance, 3rd Edition for CA State Fullerton