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Bartlett Company's target capital structure is 4 0 % debt, 1 5 % preferred, and 4 5 % common equity. The after - tax cost

Bartlett Company's target capital structure is 40% debt, 15% preferred, and 45% common equity. The after-tax cost of debt is 6%, the cost of preferred is 7.50%, and the cost of equity is 12.75%. The firm will not be issuing any new stock. You were hired as a consultant to help determine their cost of capital. What is its WACC

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