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Calculate the opportunity cost of capital for a firm with the following capital structure: 30% preferred stock, 50% common stock and 20% debt. The firms

Calculate the opportunity cost of capital for a firm with the following capital structure: 30% preferred stock, 50% common stock and 20% debt. The firms has a cost of debt of 6.95%, a cost of preferred stock equal to 10.33% and a 14% cost of common stock. The firm has a 21% tax rate. You answer should be entered as a %, for example 15.48%

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