MinMax Corp has the following capital structure: 55% common equity (giving a return of 9%), 10% preferred shares (with a yield of 6%), and 35% debt (with a coupon rate of 10% and yield to maturity of 6.5%).If MinMax Corp.has an income tax rate of 40%, what is the firm's WACC?
A)10.333%
B)9.050%
C)7.825%
D)6.915%

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The Answer of MinMax Corp has the following capital structure: 55% common equity (giving a return of 9%), 10% preferred shares (with a yield of 6%), and 35% debt (with a coupon rate of 10% and yield to maturity of 6.5%).If MinMax Corp.has an income tax rate of 40%, what is the firm's WACC?
A)10.333%
B)9.050%
C)7.825%
D)6.915%

MinMax Corp Has the Following Capital Structure: 55% Common Equity