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Given the following information on Big brothers inc capital structure compute the compnay's weighted average cost of capital (WACC). The company's marginal tax rate is

Given the following information on Big brothers inc capital structure compute the compnay's weighted average cost of capital (WACC). The company's marginal tax rate is 40%

Type of Capital Percent of Capital Structure Befoer Tax Component Cost
Bonds 31%

10.64%
Preferred Stock 20% 14.45%
Common Stock Please calculate it 15.93%

Round the answer to two decimal places.

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