A company has before tax cost of common equity of 14%, a pre-tax cost of debt of 6%, cost of preferred equity of

A company has before tax cost of common equity of 14%, a pre-tax cost of debt of 6%, cost of preferred equity of

A company has before tax cost of common equity of 14%, a pre-tax cost of debt of 6%, cost of preferred equity of

8%, and a marginal tax rate of 34%. The current market value is $150 million, with $75 million of common equity, $50 million debt, and $25 million preferred equity. What is the company’s weighted average cost of capital?