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A corporation's capital structure is 10% preferred, 30% debt and 60% common equity. The companys cost of debt is 7%, cost of preferred is 8%,

A corporation's capital structure is 10% preferred, 30% debt and 60% common equity. The companys cost of debt is 7%, cost of preferred is 8%, and cost of equity is 11%. The firm's marginal tax rate is 40 percent. What is the weighted average cost of capital for them?

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