eBook 1 Problem Walk-Through WACC Shi Import-Export's balance sheet shows $300 million in debt, $50...
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eBook 1 Problem Walk-Through WACC Shi Import-Export's balance sheet shows $300 million in debt, $50 million in preferred stock, and $250 million in total commor equity. Shi's tax rate is 30%, rd = 8%, fps - 8%, and rs = 11%. If Shi has a target capital structure of 30% debt, 5% preferre stock, and 65% common stock, what is its WACC? Round your answer to two decimal places. %
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