Kroncke target structure is 30% debt, 20% preferred, and 50% common equity.
Kroncke target structure is 30% debt, 20% preferred, and 50% common equity. The after-tax cost of debt is 8%, the cost of preferred is 6.5%, and the cost of retained earnings is 13.25%. The will will not be issuing any new stock. What is its WACC?
