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(CHAPTER 14) Sushi Truck has the following capital structure to run its sushi business. SUSHI It uses equity, preferred stock, and debt in the following

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(CHAPTER 14) Sushi Truck has the following capital structure to run its sushi business. SUSHI It uses equity, preferred stock, and debt in the following proportions: 60% equity, and equal amounts in preferred stock and debt. The annual costs of equity, preferred stock, and debt equal 14%, 8%, and 5%, respectively. Sushi Truck falls into 28% corporate income tax bracket. Calculate Sushi Truck's average annual cost of running its sushi business, also known as the Weighted Average Cost of Capital. Your answer should be in %, not in decimals: e.g., 10.23 rather than 0.1023. Increase decimal places for any intermediate calculations, from the default 2 to 6 or higher, and only round your final answer to TWO decimal places: for example, 10.23. Do NOT use "%" in your

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