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Ford Motor Corporation's capital structure consists of 60% debt, 10% preferred stock, and 30% common equity. Ford's pre-tax cost of debt is 6.5%, its cost

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Ford Motor Corporation's capital structure consists of 60% debt, 10% preferred stock, and 30% common equity. Ford's pre-tax cost of debt is 6.5%, its cost of preferred is 8% and its cost of retained earnings is 12%. What is Ford's WACC if it has a 21% marginal tax rate

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