Question 3 (1 point) A company has required rate of return on its equity of 11.25%. The required rate of return on its preferred shares is 9.00%. The after tax cost of debt is 5.05%. The company uses common equity to finance 31.52% of its assets. It uses preferred shares to finance 34.00% of its and it uses debt to finance 34.48% of its assets. Given this information what is the company's weighted average cost of capital (WACC)? 8.38% 8.35% 8.43% 8.52% Previous Page Next Page Page 3 of 30