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Assume the following capital structure for XYZ Company, Debt: 35%, Preferred stock: 15% and Common Stock: 50%. The cost of debt is 7%, the cost

Assume the following capital structure for XYZ Company, Debt: 35%, Preferred stock: 15% and Common Stock: 50%. The cost of debt is 7%, the cost of preferred stock is 9% and the cost of common stock is 12%. Calculate the WACC if the tax rate is 30%.

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