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A company has a target capital structure that consists of 40% debt, 5% preferred stock and 55% common equity. The interest rate on new debt

A company has a target capital structure that consists of 40% debt, 5% preferred stock and 55% common equity. The interest rate on new debt is 7%, the cost of preferred is 15%, the cost of common stock is 10%, and the tax rate is 25%. What is the companys WACC?

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