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Company X's cost of common equity is 16%. Its before-tax cost of debt is 10%, and its marginal tax rate is 55%. Its cost of

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Company X's cost of common equity is 16%. Its before-tax cost of debt is 10%, and its marginal tax rate is 55%. Its cost of preferred equity is 9%. The stock sells at book value using the following balance sheet. Calculate Company X's after-tax WACC. Company X's Balance Sheet Assets ($) Liabilities & Equity ($) 150 Cash Long-term Debt 1,200 250 Acc. . Receivable Common Equity 1,130 Inventories 200 Preferred Equity 470 Total Fixed 2,200 Assets Find Total Assets it Total Liabilities & Equity Find it

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