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Calculate the firm's WACC (#2) Accounts Payable $ 195,000 Cost of Debt: Intermediate Debt: 4%; Long Term Debt: 4.5% Tax Rate: 22% Notes Payable $

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Calculate the firm's WACC (#2) Accounts Payable $ 195,000 Cost of Debt: Intermediate Debt: 4%; Long Term Debt: 4.5% Tax Rate: 22% Notes Payable $ 275,000 Long Term Debt $ 615,000 Return on Equity: 10% Dividends per Share: $0.25 Earnings per share: $0.85 C/S market price: $30 Common Stock $ 425,000 Retained Earnings $ 1,945,000 Also, firm issued 150,000 new common stock at a flotation cost of $1.20 per share. The new issuance generates $4.5 million. $3,455,000 This company uses intermediate debt, long-term debt and common equity to finance its operations. Also, the firm issued new stock to finance its operations (this is not included in the sum of Debt and Equity). With the information presented above, calculate the firm's WACC (4 decimal places)

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