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Promo Pak has compiled the following financial data and would like to know the firm's weighted average cost of capital. Source of Capital Book Value

Promo Pak has compiled the following financial data and would like to know the firm's weighted average cost of capital.

Source of Capital Book Value Market Value Cost of Financing Long-term debt $10,000,000 58,500,000 5.00% Preferred stock $1,000,000 51,500,000 14.00% Common stock $9,000,000 $15,000,000 20% TOTAL $20,000,000 525,000,000

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