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You were hired as a consultant for a company whose target capital structure is 32%...

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Accounting

You were hired as a consultant for a company whose target capital structure is 32% debt, 10% preferred, and 58% common equity. The before tax cost of debt is 10.00%, the cost of preferred is 12.00%, and the cost of retained earnings is 35.00%. The tax rate is 25%. The firm will not be issuing any new stock. What is its WACC?

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