Q4 National Computer Corporation (NCC) plans to raise 30% of its required capital as debt, 10% as preferred stock, and 60% as common equity. This is its capital structure. If NCC can borrow at an...

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Extracted text: Q4 National Computer Corporation (NCC) plans to raise 30% of its required capital as debt, 10% as preferred stock, and 60% as common equity. This is its capital structure. If NCC can borrow at an interest rate of 11%, and if it has a marginal tax rate of 40%, NCC has preferred stock that pays a s10 dividend per share and sells for S100 per share. If NCC issued new shares of preferred stock, it would incur an underwriting ( or flotation) cost of 2.5%, per share. The cost of equity 14%. Required: Calculate WACC of NCC