MicroTech Corporation is subject to a 34% income tax rate. Given the following information about the firm's capital structure, calculiste the corporation's 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" Long-term debt Preferred stock Common stock Market Value $ 70 million 50 million 80 million After-Tax Rate or Expected Return 7% 9 702 12 Components for Source of Funds WACC Calculation Long-term debt % Preferred stock % Common stock %