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q20 please answer ASAP Pfd Company has debt with a yield to maturity of 6.1%, a cost of equity of 15.4%, and a cost of

image text in transcribedq20 please answer ASAP

Pfd Company has debt with a yield to maturity of 6.1%, a cost of equity of 15.4%, and a cost of preferred stock of 9.5%. The market values of its debt, preferred stock, and equity are $10.5 million, $2.6 million, and $16.2 million, respectively, and its tax rate is 40%. What is this firm's WACC? Note: Assume that the firm will always be able to utilize its full interest tax shield. Pfd's WACC is %. (Round to two decimal places.) Time Remaining: 01:13:06 [] Submit test

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