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Boston Bakeries has a current stock price of $20.00 per share, with 4 million shares outstanding. Their common equity is 12% and they have $30

Boston Bakeries has a current stock price of $20.00 per share, with 4 million shares outstanding. Their common equity is 12% and they have $30 million in LTD, with no STD; the after-tax cost of debt is 4%. Their firm also has $2 million in preferred stock with a required return of 8%. What is their WACC?

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