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EEE Corporation making a new investment using the following capital structure: - Bonds = $47 million, with an effective annual after tax interest rate of

EEE Corporation making a new investment using the following capital structure:

- Bonds = $47 million, with an effective annual after tax interest rate of 23%

- Preferred Stock= $43 million, with an effective annual after tax interest rate of 13%

- Retained Earnings = $60 million, with an effective annual after tax interest rate of 12%

Compute the Weighted Average Cost of Capital (WACC) for this investment. Write your answer as percentage

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