Western Electric has XXXXXXXXXXshares of ordinary shares outstanding at a price per share of $47 and a rate of return of 13.5%. The firm has 5 000 preference shares paying 7% dividend outstanding at a...

Western Electric has 35 000 shares of ordinary shares outstanding at a price per share of $47 and a rate of return of 13.5%. The firm has 5 000 preference shares paying 7% dividend outstanding at a price of $58 a share. The preferred share has a par value of $100. The outstanding debt has a total face value of $450 000 and currently sells for 102% of face. The yield-to-maturity on the debt is 8.49%.

Required:
Calculate the firm's
weighted average cost of capital if the tax rate is 30%?
Assume a
classical tax system.