Pfd Company has debt with a yield to maturity of 5.9%, a cost of equity of 12.8%, and a cost of preferred stock of 9. The market values of itsdebt,...
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Pfd Company has debt with a yield to maturity of 5.9%​, a cost of equity of 12.8%​, and a cost of preferred

stock of 9.8%. The market values of its​ debt, preferred​ stock, and equity are $9.8 ​million, $2.8 ​million, and $14.6 ​million, respectively, and its tax rate is 35%. What is this​ firm's WACC?


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