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A corporation wants to calculate its weighted average cost of capital. The firm has a...

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A corporation wants to calculate its weighted average cost of capital. The firm has a 6% pre-tax cost of debt and a 14% cost of common equity The firm preferred stock outstanding and has a target capital structure of 25% debt and 75% common equity if the tax rate is 20%, what is the firm's WACC? Enter your answer using 3 decimal places if using decimal expression or 1 decimal place if using percent expression, 0.9.0 123 or 12.3%

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