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asap please 4 Your company has a target capital structure of 47 percent common stock, 18 percent preferred stock, and the remaining percent debt. Its
asap please 4
Your company has a target capital structure of 47 percent common stock, 18 percent preferred stock, and the remaining percent debt. Its cost of equity is 17.3 percent, the cost of preferred stock is 10.2 percent, and the pretax cost of debt is 6.7 percent. The relevant tax rate is 15 percent. What is the company's WACC? (Do not round any intermediate calculations. List your answer as a percent, round your final answer to 2 decimal places and enter it in the box below] Step by Step Solution
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