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Western Electric has 32,500 shares of common stock outstanding at a price per share of $80 and a rate of return of 12,95 percent. The

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Western Electric has 32,500 shares of common stock outstanding at a price per share of $80 and a rate of return of 12,95 percent. The firm has 7,350 shares of 7.90 percent preferred stock outstanding ot a price of $95.50 per share. The preferred stock has a par value of $100. The outstanding debt has a total face value of $407,000 and currently sells for 111.5 percent of face. The yleid to maturity on the debt is 8.11 percent. What is the firm's weighted overage cost of capital if the tax rate is 25 percent

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