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2 . A company has a capital structure that consists of $ 1 0 million of debt, $ 5 million of preferred stock, and $

2. A company has a capital structure that consists of $10million of debt, $5 million of preferred stock, and $25 million of common stock, based upon current market values.The yield to maturity on its bonds is 8.25%, and investors require a 10.50% return on the company's preferred stocks and a 19.50% return on the common stocks. If the tax rate is 21%, what is the current WACC of this company?
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