Shi Importers’s balance sheet shows $300
 June 7th, 2024 
                        Shi Importers’s balance sheet shows $300 million in debt, $50 million in preferred stock, and $250 million in total common equity. Shi’s tax rate is 40%, rd %, rps = 5.8%, and rs = 12%. If shi has a target capital structure of 30% debt, 5% preferred stock, and 65% common stock, what is its WACC?
 
             
                         
                        