Question 54 (2 points) Max Inc. has raised $75 million in capital. $25 million is debt with a 6.5% interest rate. $10 million is preferred stock with a required return of 9.0% and $40 million is common stock with a required return of 16%. The firm's tax rate is 40%. What is their WACC? 10.6% 9.6% 11.0% 10.2% 11.4%