Nuore, 17/11%, 24.67 of 60 pts P9-12 (similar to) Question Help The effect of tax rate on WACC K Bell Jewelers wishes to explore the effect on its cost of capital of the rate at which the company pays taxes. The wishes to maintain a capital structure of 20% debt, 20% preferred stock, and 60% common stock. The cost of financing with retained eaming is 15%, the cost of preferred stock financing is 12%, and the before-tax cost of debt financing is 9%. Calculate the weighted average cost of capital (WACC) given a tax rate of 25% The film's WACC # % (Round to two decimal places.)