WACC = Kd(1-T)Wd + KpWp +KeWe
Portland PetCo has debt with a yield to maturity of 8%, a cost of equity of 14% and a cost of preferred stock of 10%. The market value of its debt, prefered stock, and equity are $11 million, $4 million, and $13 million, respectively, and its tax rate is 40%. What is this firm's after -tax WACC?
				Total Value = $28 Million