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Calculating the weighted average cost of capital (WACC): If Metro Company has the following features, what is its WACC? A target capital structure of 65

Calculating the weighted average cost of capital (WACC): If Metro Company has the following features, what is its WACC?

A target capital structure of 65 percent common stock.

A target of 35 percent debt.

Cost of equity is 14 percent.

Cost of debt is 6 percent.

The tax rate is 35 percent.

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