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Shi Import-Export's balance sheet, shows $300 million in debt, 550 mullion in preferred stock, and $250 millien in total comimon equity, 5 hir's tax rate

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Shi Import-Export's balance sheet, shows $300 million in debt, 550 mullion in preferred stock, and $250 millien in total comimon equity, 5 hir's tax rate is 35 wh, fid = 8%,r0=6,54, and rv=12%. If Shi has a target capital structure of 30% debt, 5% preferred atock, and 65s common atock, what is its WacCi Round your answer to two decimal places

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