Wildhorse Solutions Corporations has gathered the following information: Debt Common Preferred Total Market Value Market Value $26,500,000 6,310,350 2,270,000 $35,080,350 Cost 6.60% 8.90% 9.00% Calculate the company's weighted average cost of capital. (Round answers to 2 decimal places, e.g., 15.75.) WACC Debt Common Preferred Total Market Value Managers, involved in operations on daily basis, have generally more information about the company than shareholders. Is this a case of asymmetric information? True False