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The selected info of the Palm Company, a hypothetical company, financial statement is given below: Source of Capital Amount($) Long-Term Debt at 12% 18,000,000 Preferred

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The selected info of the Palm Company, a hypothetical company, financial statement is given below: Source of Capital Amount($) Long-Term Debt at 12% 18,000,000 Preferred stock at 14% 18,000,000 Common stock Equity 16% 16,000,000 Total |32,000,000 In addition, firm pays a flat tax rate 40% per annum. Using this information, what will be the weighted cost of capital for the firm

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