The effect of tax rate on WACC K Bell Jewelers wishes to explore the effect on its cost of capital of the rate at which the company pays taxes. The fimm wishes to maintain a capital structure of 20% debt 15% preferred stock, and 65% common stock. The cost of financing with retained earnings is 18%, the cost of preferred stock financing is 8%, and the before-tax cost of debt financing is 8% Calculate the weighted average cost of capital (WACC) given a tax rate of 30% The film's WACC is %. (Round to two decimal places) Enter your answer in the answer box and then click Check Answer sudy box All parts showing Clear All Check