VL Corporation making a new investment using the following capital structure: - Common Stock =...
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VL Corporation making a new investment using the following capital structure: - Common Stock = $58 million, with an effective annual after tax interest rate of 12% - Preferred Stock= $63 million, with an effective annual after tax interest rate of 13% - Bonds = $71 million, with an effective annual after tax interest rate of 22% Compute the Weighted Average Cost of Capital (WACC) for this investment. Write your answer as percentage (e.g. if your answer is 5%, write 5 not 0.05). Note: round your answer to two decimal places, and do not include spaces, percentage signs, plus or minus signs, nor commas.
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