What is the firm weighted average cost of capital

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NOXcy trading Ltd. has a pre-tax cost of debt of 7.6 per cent, a cost of equity of 14.3 per cent, and a cost of preferred stock of 8.5 per cent. The firm has 220,000 shares of common stock outstanding at a market price of $27 a share. There are 25,000 shares of preferred stock outstanding at a market price of $41 a share. The bond issue has a face value of $550,000 and a market quote of 101.2. The company's tax rate is 37 per cent. What is the firm's weighted average cost of capital?

Reference no: EM132707599

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