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Turnbull Co . is considering a project that requires an initial investment of $ 5 7 0 , 0 0 0 . The firm will

Turnbull Co. is considering a project that requires an initial investment of $570,000. The firm will raise the $570,000 in capital by issuing $230,000 of debt at a before-tax cost of 11.1%,$20,000 of preferred stock at a cost of 12.2%, and $320,000 of equity at a cost of 14.7%. The firm faces a tax rate of 25%. What will be the WACC for this project?
(Note: Round your intermediate calculations to three decimal places.)
\table[[Consider the case of Kuhn Co.,],[Kuhn Co. is considering a new project that will require,13.85%
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