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Pfd Company has debt with a yield to maturity of 7.2%, a cost of equity of 13.3%, and a cost of preferred stock of 9.4%.

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Pfd Company has debt with a yield to maturity of 7.2%, a cost of equity of 13.3%, and a cost of preferred stock of 9.4%. The market values of its debt, preferred stock, and equity are $9.7 million, $3.4 million, and $16.2 million, respectively, and its tax rate is 35%. What is this firm's after-tax WACC

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