Question 15 of 15 -/1 View Policies Current Attempt in Progress Sandhill Co. has a capital structure, based on current market values, that consists of 25 percent debt, 19 percent preferred stock, and 56 percent common stock. If the returns required by investors are 8 percent, 12 percent, and 15 percent for the debt, preferred stock, and common stock, respectively, what is Sandhill's after-tax WACC? Assume that the firm's marginal tax rate is 40 percent. (Round final answer to 2 decimal places, eg. 15.25%) After tax WACC eTextbook and Media Save for Later Attempts: 0 of 3 used Submit