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issues. The company can sell shares of preferred stock that pay an a dividend of $92.25 per shat a price of Kuhn does not have

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issues. The company can sell shares of preferred stock that pay an a dividend of $92.25 per shat a price of Kuhn does not have any retained earnings available to finance this project, so the firm will have to issue new common stock to help fund its common stock is currently selling for $33.35 per share, and it is expected to pay a dividend represent 3% of the funds raised by issuing new common stock. The company is projected to grow at a constant rate rate of 25%. What will be the WACC for this project? (Note: Round your intermediate calculations to two decimal places.)

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