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market value weighting of 45% equity, 20% preferreds and 35% debt. The corporation's tax rate is 35%. The cost of equity is 15%, the cost

market value weighting of 45% equity, 20% preferreds and 35% debt. The corporation's tax rate is 35%. The cost of equity is 15%, the cost of preferreds is 9% and the pre-tax cost of debt is 7.5%. What is the weighted average cost of capital (WACC)?

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