Problem 11-16 WACC (LG2) Suppose that B2B, Inc. has a capital structure of

Problem 11-16 WACC (LG2)
Suppose that B2B, Inc. has a capital structure of 34 percent equity, 14
percent preferred stock, and 52 percent debt. If the before-tax
component costs of equity, preferred stock, and debt are 15.3 percent,
10.5 percent, and 8.6 percent, respectively.

Required :
What is B2B’s WACC if the firm faces an average tax rate of 30%? (Round
your answer to 3 decimal places. Omit the “%” sign in your response.)