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Makers Inc., is financed 30% with debt, 20% with preferred stock, and 50% with common stock. It's cost of debt is 7%, preferred stock pays

Makers Inc., is financed 30% with debt, 20% with preferred stock, and 50% with common stock. It's cost of debt is 7%, preferred stock pays an annual dividend of $4 and is priced at $40. It has an equity beta of 1.8. Assume the risk-free rate is 2%, the market risk premium is 9% and AllCity's tax rate is 30%. What is its after-tax WACC?

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