Determine SQX Co.'s WACC. It has $20MM of debt, $10MM of preferred stock, and $20MM...
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Determine SQX Co.'s WACC. It has $20MM of debt, $10MM of preferred stock, and $20MM of common stock outstanding. The companys "expected return" on common stock is 20%; YTM on debt is 10%; and current return on preferred stock is 10%. If SQX pays taxes at 25%, what is its WACC? Group of answer choices
20.0%
9.6%
14.0%
13.0%
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