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MicroTech Corporation is subject to a 3 0 % income tax rate. Given the following information about the firm s capital structure, calculate the corporation

MicroTech Corporation is subject to a 30% income tax rate. Given the following information about the firms capital structure, calculate the corporations weighted-average cost of capital (WACC): (Do not round intermediate calculations. Round your answers to 2 decimal places. (i.e.0.1234=12.34%).)
Source of Funds Market Value After-Tax Rate or Expected Return
Long-term debt $ 70 million 10%
Preferred stock 100 million 12
Common stock 90 million 15

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