Intro Homemade Flying Machines has a capital structure of 20% debt, 10% preferred stock and 70% common stock. The pre-tax cost of debt is 4.7%, the cost of preferred stock is 8% and the cost of equity is 10%. The firm's marginal tax rate is 21% - Attempt 1/3 for 1 pts. Part 1 What is the company's weighted average cost of capital? 3+ decimals Submit