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Suppose Avenger Co. has the following information, what is its WACC? It has a 40% corporate tax rate and is funded as follows. $85,000,000 equity

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Suppose Avenger Co. has the following information, what is its WACC? It has a 40% corporate tax rate and is funded as follows. $85,000,000 equity with a return of 21% $31,000,000 debt with a pre-tax cost of 12% $5,000,000 preferred with a 15% cost of preferred a) 16.0% O) 14.4% c) 17.22% d) 18.45%

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