Question 44 (3 points) Saved Elway Electronics has debt with a market value of $400,000,...

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Question 44 (3 points) Saved Elway Electronics has debt with a market value of $400,000, preferred stock with a market value of $100,000, and common stock with a market value of $500,000. If debt has a cost of 6%, preferred stock a cost of 7%, common stock a cost of 12%, and the firm has a tax rate of 30%, what is the adjusted WACC? 9.49% O 7.07% 6.26% 8.38%

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