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Lewis runs an outdoor adventure company and wants to know what effect a tax change will have on his companys WACC. Currently Lewis has the

Lewis runs an outdoor adventure company and wants to know what effect a tax change will have on his companys WACC. Currently Lewis has the following financing pattern:

Capital Weight Cost
Common Stock 35% 14%
Preferred Stock 15% 11%
Debt 50% 10%

What is the WACC if Lewis tax rate is 40%.

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