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Intro Homemade Flying Machines has a capital structure of 37% debt, 10% preferred stock and 53% common stock. The pre-tax cost of debt is 5%,
Intro Homemade Flying Machines has a capital structure of 37\% debt, 10\% preferred stock and 53% common stock. The pre-tax cost of debt is 5%, the cost of preferred stock is 8% and the cost of equity is 14%. The firm's marginal tax rate is 21%. Pert 10 B Attempt 1/3 for 9 pts. What is the company's weighted average cost of capital? Try again
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