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Compute the WACC of a firm that currently has $2 million in debt, $3 million in equity, and $1 milion in preferred stock. The current

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Compute the WACC of a firm that currently has $2 million in debt, $3 million in equity, and $1 milion in preferred stock. The current yield to maturity on the firm's debt is 6%. Equity holders require a 9% feturn and preferred stock holders require a 8.853% return. The current tax rate that applies to the firm is 30%. Write yout answer as a decimal

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