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The current capital structure of Tiger Taco is listed below. Source Amount ($) Long Term Loan (payable monthly with annual nominal interest rate 11%) 80.000

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The current capital structure of Tiger Taco is listed below. Source Amount ($) Long Term Loan (payable monthly with annual nominal interest rate 11%) 80.000 Bonds (payable quarterly with annual YTM = 7%) 100,000 Preferred Stock (1,000 shares, payable annually with annual nominal dividend = $1.00 per share, current market price = $15.00 per share) 25,000 Common Stock (100,000 shares) 1,000,000 Retained Earnings 900,000 Figure the after-tax cost of loans as a percentage (round to two decimal places). You may assume an income tax rate of 21%

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