Today is May 7, 2020. Surtsey Corp. has 275,000 shares of 4.7% preferred stock outstanding, with a par value of $50 per share. Dividends are paid annually and the preferred stock is currently selling for $41.50 per share. There are 2,500,000 shares of common stock issued and outstanding. The most recent quote for the common stock of Surtsey Corp. is provided below: Firm Ticker Open High Low Close Net Vol PE | Div YTD % Chg Chg Surtsey Corp. SCS 19.79 20.01 19.64 19.99 -0.50 7,525,000 14.5 0.87 6.4 There are 120,000 bonds outstanding. A coupon was paid yesterday. The most recent bond quote for Surtsey Corp. is provided below: Firm Symbol Coupon Maturity Rating High Low Last Change Moody's/S&P Surtsey Corp. (SCS689002 3.81% | May 2045 Aa/AA- 81.654 80.211 81.387 0.458 The firm's marginal tax rate is 21%. What is the firm's WACC? Enter your answer in percent format, with only 2 decimal places (eg. 10.55%). Short Answer Toolbar navigation B I y s E 1 1 1 :: - A - A - S