Blue Raider Corporation has a target capital structure of 50 percent common stock, 10 percent...
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Accounting
Blue Raider Corporation has a target capital structure of 50 percent common stock, 10 percent preferred stock, and 40 percent debt. Its cost of equity is 12 percent, the cost of preferred stock is 5 percent, and the pretax cost of debt is 8 percent. The relevant tax rate is 21 percent. What is the company's WACC? Round to two places past the decimal point. Numeric Response
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