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ABC, Inc. ' s target capital structure is 2 0 % debt, 3 5 % preferred, and 4 5 % common equity. The before -

ABC, Inc.'s target capital structure is 20% debt, 35% preferred, and 45% common equity. The before-tax cost of debt (RD) is 7.71%, the cost of preferred stock (RP) is 10.79%, and the cost of common stock (RE) is 27.47%. If the tax rate is 16%. What is the WACC?

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