Western Digital has 23,000 shares of common stock outstanding at a price per share of $57 and a beta of 1.2. Currently, the risk-free rate is 2.2% and market risk premium is 10%. The firm has 6,000 shares of 7 percent preferred stock outstanding at a price of $48 a share. The preferred stock has a par value of $100. The outstanding debt has a total face value of $350,000 and currently sells for 102 percent of face. The yield to maturity on the debt is 8.49 percent. What is the firm's weighted average cost of capital if the tax rate is 34 percent?
Amount: stock = ?? ; preferred = ??; Debt = ??; Value = ??
Before tax cost: stock = ?? ; preferred = ??; Debt = ??
After tax cost: stock = ?? ; preferred = ??; Debt = ??
Tax = ??
WACC = (S/V) * rs + (P/V) *rp + (D/V) * rd