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XYZ inc's target capital syructure is 30% debt, 15% pregerred and 55% capital equity. the interest rate on new debt is 5.5%, the yield on

XYZ inc's target capital syructure is 30% debt, 15% pregerred and 55% capital equity. the interest rate on new debt is 5.5%, the yield on the preferred is 6.5% the cost of retained earnings is 7.25% and the tax rate is 40%. the firm will not be issuing any new stock. what is the wacc? do not rohnd intermediate calculations

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