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Given the following, what is the WACC? The capital structure consists of $110 of debt, $50 of preferred, and $350 of common stock. The cost

Given the following, what is the WACC?

The capital structure consists of $110 of debt, $50 of preferred, and $350 of common stock.

The cost of debt is 6%, the cost of preferred is 9% , and the cost of common is 16%.

Assume a tax rate of 50%.

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