Question 2:

Garden Tools Inc. has bonds. preferred stock, and common stocks outstanding. The number of securities outstanding, the current market price, and the required rate of return for these securities are stated in the table below. The firm's tax rate is 35%. Calculate the firm's WACC adjusted for taxes using the market information in the table. ' ' . rite I a percentage Sign Round the answers to two decimal faces an ercenta e form (\"W a in the "units " box} The Number of Securities Selling The Required Rate of Outstanding price Return Bonds 1,419 $951 9.8?% Preferred Common