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please show work Question 7-WACC [4 points]: You wer] hired as a consultant to Ciambone Company, whose target capital structure is 40% debt, 15% preferred,

please show work
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Question 7-WACC [4 points]: You wer] hired as a consultant to Ciambone Company, whose target capital structure is 40% debt, 15% preferred, and 45% common equity. The after-tax cost of debt is 6.00%, the cost of preferred is 7.50%, and the cost of retained earnings is 12.75%. The firm will not be issuing any new stock. What is its WACC

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