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Shl Import-Export's balance sheet shows $300 milion in debt, $50 million in preferred stock, and $250 milion in total common equity. Shis tax rate is
Shl Import-Export's balance sheet shows $300 milion in debt, $50 million in preferred stock, and $250 milion in total common equity. Shis tax rate is 25%, rd =7%,rps=5.3%, and rs=11%. If Shl has a target capalal structure of 30% debt, 5% preferred stock, and 65% common stock, what is its wacc? Round your. answer to two decimal places
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