Given the following information, find the WACC for Spencer's Book Shop. Target capital structure 30%...
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Given the following information, find the WACC for Spencer's Book Shop. Target capital structure 30% debt; 10% preferred; 60% common equity Market value per share, common. Market value per share, preferred Last annual dividend (DO), common Annual Dividend preferred. Dividend growth rate (g) Marginal tax rate Yield to maturity on outstanding bonds 9% For this problem, assume that floatation costs for common, preferred, and debt are all zero. 11.50% 11.62% 11.92% 12.95%
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