A firm has $30 million of common stock,$20 million of preferred stock,and $40 million of debt.The cost of equity is 8.5%,the cost of preferred stock is 9.5%,and the pretax cost of debt is 7%.If the firm's tax rate is 30%,what is the firm's WACC?
A)8.33%
B)6.44%
C)7.12%
D)8.06%
E)7.75%

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The Answer of A firm has $30 million of common stock,$20 million of preferred stock,and $40 million of debt.The cost of equity is 8.5%,the cost of preferred stock is 9.5%,and the pretax cost of debt is 7%.If the firm's tax rate is 30%,what is the firm's WACC?
A)8.33%
B)6.44%
C)7.12%
D)8.06%
E)7.75%

A Firm Has $30 Million of Common Stock,$20 Million of Preferred