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5. Moby Corporation has a target capital structure of 60% common stock, 5% preferred stock, and 35% debt. Its cost of equity is 23.5%, the

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5. Moby Corporation has a target capital structure of 60% common stock, 5% preferred stock, and 35% debt. Its cost of equity is 23.5%, the cost of preferred stock is 11%, and the pretax cost of debt is 7.2%. The tax rate is 30%. What is the company's WACC? A) 10.41% B) 9.41% C) 19.36% D) 16.41%

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