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A company has $10M in debt, $20M in preferred stock and $50M in equity. If the yield to maturity on debt is 8%, the company

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A company has $10M in debt, $20M in preferred stock and $50M in equity. If the yield to maturity on debt is 8%, the company has a tax rate of 30%, its cost of preferred stock is 9% and the cost of equity is 10%, find the company's WACC. 7.2% 10.2% 9.5% 9.2%

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