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A firm has the following capital components and costs. Component Value After-Tax Cost Debt 15,963 9 % Preferred Stock 8,369 8 % Common Equity 10,627

A firm has the following capital components and costs. Component Value After-Tax Cost Debt 15,963 9 % Preferred Stock 8,369 8 % Common Equity 10,627 13 % What is the firm's weighted average cost of capital? % (to two decimal places)

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