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MicroTech Corporation is subject to a 33% income tax rate Given the following information about the firm's capital structure, cuiculate the corporation's weighted-average cost of

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MicroTech Corporation is subject to a 33% income tax rate Given the following information about the firm's capital structure, cuiculate the corporation's weighted-average cost of capital (WACC) (Do not round Intermediate calculations, Round your answers to 2 decimal places. (1.e. 01234 = 12.34%).) Source of Funds Long-term debt Preferred stock Common stock Market Value $ 10 million 30 million 20 million After-Tax Rate or Expected Return 7% 9 12 Answer is complete but not entirely correct. Source of Funds Long-term debt Preferred stock Common stock Components for WACC Calculation 3.00% 0.02 0.04% 0.00

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