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A firm has a capital structure composed of 60% common equity, 25% preferred stock, and 15% debt. The cost of equity is 10%, the cost

A firm has a capital structure composed of 60% common equity, 25% preferred stock, and 15% debt. The cost of equity is 10%, the cost of preferred stock is 8%, and the cost of debt is 6%. If the firms marginal tax rate is 40%, What is its WACC?

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