1. Capital Co. has a capital structure based on current marketvalues that consis

1. Capital Co. has a capital structure based on current marketvalues that consists of 44 percent debt 4 percent preferredstock and 52 percent common stock. If the returns required byinvestors are 9 percent 12 percent and 15 percent for the debtpreferred stock and common stock respectively what is Capitalsafter-tax WACC? Assume that the firms marginal tax rate is 40percent. (Round intermediate calculations to 4 decimal places e.g.1.2514 and final answer to 2 decimal places e.g. 15.25%.)