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Pfd Company has debt with a yield to maturity of 8.1%, a cost of equity of 12.7%, and a cost of preferred stock of 8.6%.

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Pfd Company has debt with a yield to maturity of 8.1%, a cost of equity of 12.7%, and a cost of preferred stock of 8.6%. The market values of its debt, preferred stock, and equity are $14.8 million, $2.7 million, and $15.9 million, respectively, and its tax rate is 40%. What is this firm's after-tax WACC

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