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assume a for-profi company has $ 8 million of long term debt with an interest rate of 6% . it has $ 3 million of

assume a for-profi company has $ 8 million of long term debt with an interest rate of 6% . it has $ 3 million of preferred stock with a required divdend rate of 8% and $4 milion of common stock that is estimated to have a cost of capital of 10 % . what is its weighted average cost of capital ?

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