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23, Metals Corp. uses a target capital structure of 48% debt, s% perferred stockinam common equity. Metals' after-tax cost of debt is 4.50%, preferred stock
23, Metals Corp. uses a "target" capital structure of 48% debt, s% perferred stockinam common equity. Metals' after-tax cost of debt is 4.50%, preferred stock bas a cost of 8.25% and newly issued common stock has a cost of 17.50%. What is Metals' weighted Average Cost of Capital (WACC)? a. 6.22% b. 10.52% c. 11.63% d. 8.51%
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