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ABC Company has 6 million common shares outstanding and 3 million preferred shares outstanding, and its equity has a total book value of $ 5
ABC Company has million common shares outstanding and million preferred shares outstanding, and its equity has a total book value of $ million. Its debt has a face value of $ million. ABC Company's common and preferred shares are priced at $ and $ respectively. Its debt is trading at of par. What is the market value of ABC Company's assets? Enter your answer in millions of dollars.
Correct response: million
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ABC Company faces a tax rate. Using the correct answers from the previous parts, what is the company's WACC? Enter your answer as a percentage and rounded to DECIMAL PLACES. Do not include the percentage sign in your answer,
WACC
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