WIE TONY Bridge City Consulting bought a building and the land on which it is located for $182,000 cash. The land is estimated to
represent 70 percent of the purchase price. The company paid $22,000 for building renovations before it was ready fo
use.

Western electric has 32,000 shares of common stock outstanding at a price per share of $79 and a rate of return of 13.00 percent. the firm has 7,300 shares of 7.80 percent preferred stock outstanding at a price of $95.00 per share. the preferred stock has a par value of $100. the outstanding debt has a total face value of $404,000 and currently sells for 111 percent of face. the yield to maturity on the debt is 8.08 percent. what is the firm's weighted average cost of capital if the tax rate is 39 percent?