Need help with WACC finance question

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Business Finance

Description

The firm’s tax rate is 35%. Calculate the firm's WACC adjusted for taxes using the market information in the table. 

 The Number of Securities OutstandingSelling priceThe Required Rate of Return
Bonds1,775$1,17911.33%
Preferred Stocks5,732$56.9015.87%
Common Stocks1,579$90.5511.64%

Round the answers to two decimal places in percentage form.

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Explanation & Answer

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          The Number            of Securities          Outstanding Selling price The Required Rate of Return total value=price*number of securities outstanding                         rates adjusted for tax
Bonds 1,775 $1,179 11.33%   $2,092,725 7.36%
Preferred Stocks 5,732 $56.90 15.87%   $326,151 15.87%
Common Stocks 1,579 $90.55 11.64%   $142,978 11.64%
           $2,561,854  $     222,521.56
        WACC= 8.69%
           
I pasted results from excel,please note the heading must be moved 1 col. to the right.

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