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11 Evaluate the following information about how your company funds its operations: Preferred stock 20 points 21,500 shares preferred stock outstanding Priced at $88 per

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11 Evaluate the following information about how your company funds its operations: Preferred stock 20 points 21,500 shares preferred stock outstanding Priced at $88 per share. $4.30 dividend per share. Skoped . Debt eBook 16,000 bonds. 6.5% coupon bonds outstanding, with semiannual payments $1,000 face value 27 years to maturity Selling at $1,050 per bond Hint Market .6% market is premium 5.4% risk-free rate Company's tax rate is 21% - Common Stock 490,000 shares outstanding . Priced at $67 per share Betais 118 What is the company's WACC? (Do not found intermediate calculations and enter your answer as a percent rounded to 2 decimal places. e.9., 123 ( WACC

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