mework 13: Cost of Capital t of Capital ints 20 Submitting an external tool Available until Dec 17 at 10:59pm Homework 13: Cost of Capital Western Electric has 41,000 shares of common stock outstanding at a price per share of $39 and a rate of return of 12.4 percent. The firm has 17,000 shares of 7 percent preferred stock outstanding at a price of $84 a share. The preferred stock has a par value of $100. The outstanding debt has a total face value of $530,000 and currently sells for 104 percent of face. The yield to maturity on the debt is 7.95 percent. What is the firm's weighted average cost of capital if the tax rate is 22 percent? WACC = Allowed attempts: 3 Check