You were hired as a consultant to ToTo Company, whose target capital structure is 40% debt, 25% preferred, and the rest is common equity. The after-tax cost of debt is 8%, the cost of preferred is 9%, and the cost of retained earnings is 25%. The firm will not be issuing any new stock. What is its WACC

Why is following an unrelated diversification strategy especially advantageous in an emerging economy? a. it allows the conglomerate to overcome institutional weaknesses in emerging economies. b. it allows the conglomerate to form a monopoly in emerging economies. c. it allows the conglomerate to use well-defined legal systems in emerging economies. d. it allows the conglomerate to take advantage of strong capital markets in emerging economies.