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explanation Reactive Industries has the following capital structure. Its corporate tax rate is 40%. Required Rate of Return 4% Security Debt Preferred stock Common stock

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Reactive Industries has the following capital structure. Its corporate tax rate is 40%. Required Rate of Return 4% Security Debt Preferred stock Common stock Market Value $30 million 30 million 6 60 million 10 What is its WACC? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) WACC %

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