gif, Inc. is looking at raising additional capital for a future project. For gif, Inc....
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gif, Inc. is looking at raising additional capital for a future project. For gif, Inc. to determine whether this project is worth investing in, it must first determine the cost of the capital it will use to finance the project.
(Input all answers as values with no commas, with no symbols ex. no $ or %. Input all % answers as whole numbers without symbols ex. 10.03 for .1003. Input all final answers two decimal places out.)
Q: The firms current stock price is $45 and it has 4 million shares of stock outstanding. The firm also has $30 million of preferred stock and $70 million of debt. Calculate the weights of preferred stock.
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