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A firm is financed 76% by common stock, 8% by preferred stock and 20% by debt. The required return is 17% on the common, 9%

A firm is financed 76% by common stock, 8% by preferred stock and 20% by debt. The

required return is 17% on the common, 9% on the preferred, and 6% on the debt. If the tax rate

is 21% what is the WACC?

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