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Assume Josh Corp. is discussing new ways to recapitalize the firm and raise awal un 30% weight in ordinary equity, 20% in preferred stock, and

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Assume Josh Corp. is discussing new ways to recapitalize the firm and raise awal un 30% weight in ordinary equity, 20% in preferred stock, and 50% in debt. The cost of ordinary 20 stock is 15%, and the pretax cost of debt is 10%. What is the firm's weighted werage cost of capital in percentagem marginal tax rate is 40%? Type only the final answer into the response box below (NOT into the Notes box) and in pure numeric format Do NOVO signs, commas or spaces (eg, only enter 10 if it is 10 days/$10/10%)

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