company has a capital structure that uses 45% common equity, 20% preferred shares, and 35% debt. The preferred shares have a current yield of 4.9%. The debt has a coupon rate of 13.7% and a current...

company has a capital structure that uses 45% common equity, 20% preferred shares, and 35% debt. The preferred shares have a current yield of 4.9%. The debt has a coupon rate of 13.7% and a current yield to maturity of 6.3%. The common shares have a yield of 8.6%. There are no taxes. What is the firm's WACC? Enter answer as percentage, rounded to the nearest hundredth. For example, if your answer is 7.6832%, enter 7.68.