Intro Munding Corp. has debt with a market value of $23 million and equity with a market value of $49 million. Its pre-tax cost of debt is 4.5% and its cost of equity is 12%. The firm's marginal tax rate is 21%. Part 1 Attempt 1/10 for 10pts. What is the company's weighted average cost of capital? Intro Homemade Flying Machines has a capital structure of 21% debt, 10% preferred stock and 69% common stock. The pre-tax cost of debt is 5.7%, the cost of preferred stock is 8% and the cost of equity is 11%. The firm's marginal tax rate is 21%. Part 1 Attempt 1/10 for 10 pts. What is the company's weighted average cost of capital