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The Sultans of Swing Dance Studio has a target capital structure is 35% debt, 55% equity, and the balance of their capital in preferred equity.

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The Sultans of Swing Dance Studio has a target capital structure is 35% debt, 55% equity, and the balance of their capital in preferred equity. The yield on the firm's outstanding debt is 6.50%, the yield on the preferred equity is 6.00%, and the cost of common equity capital is 11.25%. If the firm's tax rate is 21%. What is the firm's weighted average cost of capital (WACC)? Go Format . . A EQ h

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