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Game of Thrones Corporation has a target capital structure of 50% common stock, 10% preferred stock, and 40% debt. Its cost of equity is 8%,
Game of Thrones Corporation has a target capital structure of 50% common stock, 10% preferred stock, and 40% debt. Its cost of equity is 8%, the cost of preferred stock is 4%, and the pretax cost of debt is 5%. The relevant tax rate is 38%. What is the company's WACC? (Enter your answer as a percent rounded to 2 decimal places)
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