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You are given the following information for Hyperion Manufacturing. Assume the companys tax rate is 40 percent. Debt: $2M in Total Debt Financing with a

You are given the following information for Hyperion Manufacturing. Assume the companys tax rate is 40 percent.

Debt: $2M in Total Debt Financing with a YTM of 8%.

Common stock: 500,000 shares outstanding, selling for $3 per share; the beta is 1.5, with a 12% market risk-premium and 3.00% risk-free rate.

Preferred stock: 100,000 shares of preferred stock outstanding, currently selling for $50 per share, and an expected dividend of $5.

What is the company's WACC?

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