Question 12 12.5 points Seve Ar Aphid Corp, will finance its next major expansion with 20% debt, 30% preferred stock, an

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Question 12 12 5 Points Seve Ar Aphid Corp Will Finance Its Next Major Expansion With 20 Debt 30 Preferred Stock An 1 (8.85 KiB) Viewed 10 times

Question 12 12.5 points Seve Ar Aphid Corp, will finance its next major expansion with 20% debt, 30% preferred stock, and 50% retained earnings. Aphid's after-tax cost of debt is 4.0%, cost of preferred stock is 7.0%, and cost of retained earnings is 10.2%. What is the corporation's weighted average cost of capital? Submit your answer as a percentage and round to two decimal places Ex 0.00%)