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Estimate your firm's Weighted Average Cost of Capital. Assume that the current risk-free rate of interest is 2.8%, the market risk premium is 5.2%, and

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Estimate your firm's Weighted Average Cost of Capital. Assume that the current risk-free rate of interest is 2.8%, the market risk premium is 5.2%, and the corporate tax rate is 21%. Debt: - Total book value: $13 million - Total market value: $19 million - Coupon rate: 4% - Yeld to Maturity. 4% > Cornmon Stock: - Total book value: $11 million - Total markat value: $19 milion - Beta =0.8 > Preferred Stock: - Total book value: $1 million - Total market value: $6.9 milion - Price per share: $21 - Dividend per ahare: $1 What is your firm's Weighted Average Cost of Capital (input as a raw number rounded to the 4 decimal places, Le. If your answer is 7.1356%, input 7.1356)

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