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Mirion Tech, Inc., has re of 129, an rp of 6%, at a debt-equity ratio of 0.50. Mirion plans to raise enough preferred stock to

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Mirion Tech, Inc., has re of 129, an rp of 6%, at a debt-equity ratio of 0.50. Mirion plans to raise enough preferred stock to retire half of their outstanding common stock, which currently has a market value of $7 million. If the preferred stock has an expected rate of return of 10%, what is the new WACC? (Assume a 219 marginal corporate tax rate and that To remains at 6%.) 6.6096 9.5896 11.0296 O 14.2396

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