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jones company has target capital structure of 30% debt, 15% preferred stock and 55% common equity. the company's aftertax cost of debt is 7%, it's

jones company has target capital structure of 30% debt, 15% preferred stock and 55% common equity. the company's aftertax cost of debt is 7%, it's cost of preferred stock is 11%, it's cost of retain earning is 15% and it's cost of new common stock is 16%. the company stock has a beta of 1.5 and the company's marginal tax is 35%. what is the company's weighted average cost of capital if retain earnings are used to fund the common equity portion?

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