Problem 13 Intro Homemade Flying Machines has a capital structure of 33% debt, 10% preferred stock and 57% common stock. The pre-tax cost of debt is 5.3%, the cost of preferred stock is 8% and the cost of equity is 11%. The firm's marginal tax rate is 21% Part 1 Attempt 1/10 for 10 pts. What is the company's weighted average cost of capital? 3+ decimals Submit