Problem 17 Calculating WACC. Turn back to University Product’s balance sheet from the previous problem. In the preferred stoch pays a dividend of $2…

Problem 17Calculating WACC. Turn back to University Product’s balance sheet from the previous problem. In the preferred stoch pays a dividend of $2 per share, the beta if the common stock is .8, the market risk premium is 10%m the risk-free rate is 6%, and the firm’s tax rate is 40%, what is University’s weighted-average cost of capital? (LO3)

Problem 17Calculating WACC. Turn back to University Product’s balance sheet from the previous problem. In the preferred stoch pays a dividend of $2 per share, the beta if the common stock is .8,…