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You have collected the following information about a company: Before-tax cost Source of capital Long-term debt Preferred stock Common stock Total 8% Market value $200,000

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You have collected the following information about a company: Before-tax cost Source of capital Long-term debt Preferred stock Common stock Total 8% Market value $200,000 $50,000 $440,000 $690,000 11% 18% The company's total (federal plus state) marginal tax rate is 37%. IB Attempt 3/5 Part 1 What is the weighted average cost of capital? 3+ decimals

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