KFCs CFO has collected the following market value information. She has assigned you the task of calculating the ACC. What is KFC's book value WACC?

The cost of common equity is 15%

The cost of preferred stock is 11%

The company currently has 20-year bonds outstanding. The bonds have an 8 percent annual coupon, a face value of $1050.

The companys tax rate is 40 percent

The companys capital structure consists of 35 percent long-term debt, 50 percent common stock, and 15 percent preferred stock.