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If the after-tax cost of debt is 7 cost of preferred stock

GHJ Inc. is investing in a new project of $16 million. It will raise $2 million of bonds, $4 million of preferred stock, and $10 million of new common stock. If the after-tax cost of debt is 7%, cost of preferred stock is 9%, the cost of retained earnings is 14%, and the cost of new common stock is 17%, what is the WACC?

The equations i'm given to use is WACC= (kd * wd) + (kps * wps) + (kcs * wcs) and WACC = (k_d * w_d) + (k_cs*w_cs)

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Finance Basics: If the after-tax cost of debt is 7 cost of preferred stock

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