6. MW Co. has a target capital structure of 35% common equity, 10% preferred equity and 55% debt. The cost of common equity is 18%, the cost of preferred equity is 8% and the pre-tax cost of debt is 10%. If the corporate tax rate is 35%, what is MW’s WACC

6. MW Co. has a target capital structure of 35% common equity, 10% preferred equity and 55% debt. The cost of common equity is 18%, the cost of preferred equity is 8% and the pre-tax cost of debt is 10%.

If the corporate tax rate is 35%, what is MW’s WACC?
If the firm has a project with an IRR of 12% would you accept the project?