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A firm cost of debt = 6%, cost of Preferred stock = 5%, and required common stock return = 12%. if the capital structure =

A firm cost of debt = 6%, cost of Preferred stock = 5%, and required common stock return = 12%. if the capital structure = 30% debt, 5% preferred, and 65% common stock, calculate the WACC:

1.

8.55%

2.

9.63%

3.

10.21%

4.

none of the answers are correct

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