finance Webster Company has collected the information provided in the given table.
| Source of capital | Book value | Market value | After-tax cost |
| :--- | ---: | ---: | :---: |
| Long-term debt | $4,000,000 |$3,840,000 | 6.0% |
| Preferred stock | 40,000 | 60,000 | 13.0 |
| Common stock equity |1,060,000|3,000,000 | 17.0 |
| Totals |$5,100,000 |$6,900,000 | |
a. Find the weighted average cost of capital using book value weights. 6th EditionSpencer A. Rathus 13th EditionMichael R Solomon 3rd EditionC. Nathan DeWall, David G Myers 10th EditionElliot Aronson, Robin M. Akert, Samuel R. Sommers, Timothy D. Wilson