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-GHJ Inc. is investing in a new project of $16 million. It will raise $6 million of bonds, $4 million of preferred stock, and $6

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-GHJ Inc. is investing in a new project of $16 million. It will raise $6 million of bonds, $4 million of preferred stock, and $6 million of new common stock. If the after-tax cost of debt is 5%, cost of preferred stock is 8%, the cost of retained earnings is 12%, and the cost of new common stock is 16%, what is the WACC

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