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Shi Importers' balance sheet shows $300 million in debt, $50 million in preferred stock, and $250 million in total common equity. Shi's tax rate is
Shi Importers' balance sheet shows $300 million in debt, $50 million in preferred stock, and $250 million in total common equity. Shi's tax rate is 26.00%, rd =9.90%, rps = 5.90%, and rs = 14.25%. If Shi has a target capital structure of 32% debt, 10% preferred stock, and 58% common stock, what is its WACC?
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