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A firm is financed 55% by common stock, 10% by preferred stock and 35% by debt. The required return is 15% on the common, 10%

A firm is financed 55% by common stock, 10% by preferred stock and 35% by debt. The required return is 15% on the common, 10% on the preferred, and 8% on the debt. If the tax rate is 35% what is the WACC? Multiple Choice A) 10.72% B) 11.07% C) 11.70% D) 12.05%

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