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Question 26 1 points Save Answer Wayco Industrial Supply has a pretax cost of debt of 8.3 percent, a cost of equity of 14.7 percent,
Question 26 1 points Save Answer Wayco Industrial Supply has a pretax cost of debt of 8.3 percent, a cost of equity of 14.7 percent, and a cost of preferred stock of 8.9 percent. The firm has 165,000 shares of common stock outstanding at a market price of $33 per share. There are 15,000 shares of preferred stock outstanding at a market price of $43 per share. The bond issue has a face value of $750,000 and a market quote of 101. The company's tax rate is 21 percent. What is the weighted average cost of capital? O A. 12.60% O B. 10.43% O C. 14.32% O D. 13.25%
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