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Pfd Company has debt with a yield to maturity of 7.3%, a cost of equity of 14.8% , and a cost of preferred stock of

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Pfd Company has debt with a yield to maturity of 7.3%, a cost of equity of 14.8% , and a cost of preferred stock of 9.8%. The market values of its debt, preferred stock, and equity are $13.8 million, $2.9 million, and $14.2 million, respectively, and its tax rate is 21%. What is this firm's after-tax WACC? Note: Assume that the firm will always be able to utilize its full interest tax shield. %. (Round to two decimal places.) Pfd's WACC is l C

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