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A company wants to raise money. The company will sell $15M of common stock, the expected return is 20%. The company has $6M in preferred

A company wants to raise money. The company will sell $15M of common stock, the expected return is 20%.

The company has $6M in preferred stock at a rate of 10%. Moreover, the company will issue $7M of debt, the cost of debt is 12% and the tax rate is 30%. Find the WACC?

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