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A firm has the following capital components and costs. Component Value After-Tax Cost Debt 15,979 9 % Preferred Stock 7,545 8% Common Equity 11,237 13

A firm has the following capital components and costs. Component Value After-Tax Cost Debt 15,979 9 % Preferred Stock 7,545 8% Common Equity 11,237 13 % What is the firm's weighted average cost of capital? (to two decimal places) %

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