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Marion's Miraculous Resorts has a current capital structure that is 65% equity, 24%, debt, and 11% preferred stock. This is considered optimal. Marion is considering

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Marion's Miraculous Resorts has a current capital structure that is 65% equity, 24%, debt, and 11% preferred stock. This is considered optimal. Marion is considering a $117,000 capital budgeting project. Marion has estimated the following 5) After-tax cost of debt 8.0% Cost of preferred stock: 10.0% Cost of internal equity: 14.0% If all equity comes from internal sources, what should Marion's cost of capital be for this project

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