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MicroTech Corporation is subject to a 30% income tax rate. Given the following Information about the firm's capital structure, calcula the corporation's welghted average cost

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MicroTech Corporation is subject to a 30% income tax rate. Given the following Information about the firm's capital structure, calcula the corporation's welghted 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 Long-term debt Preferred stock Connon stock 6 After-Tax Rate or Expected Return 36 10 13 Market Value $ 50 million 70 million 30 million Answer is not complete. Source of Funds Long-term debt Preferred stock Common stock Components for WACC Calculation 0.03 X % % 96 %

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