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Thank you for your help You are given the following information for Hyperion Manufacturing. Assume the company's tax rate is 40 percent Debt: $2M in

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You are given the following information for Hyperion Manufacturing. Assume the company's tax rate is 40 percent Debt: $2M in Total Debt Financing with a YTM of 8%. Common stock: 500,000 shares outstanding, selling for $3 per share; the beta is 1.5, with a 12% market risk-premium and 3.00% risk-free rate. Preferred stock: 100,000 shares of preferred stock outstanding, currently selling for $50 per share, and an expected dividend of $5. What is the company's WACC? Answer as a whole percentage (i.e. 5.25% not 0.0525)

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