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Pfd Company has debt with a yield to maturity of 5.7%?, a costof equity of 13.5%?, and a cost of preferred stock of 8.7%. Themarket values of its? debt, preferred? stock, and equity are $10.2?million, $2.6 ?million, and $15.2 ?million, respectively, and itstax rate is 40%. What is this? firm's after-tax? WACC?
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