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MV Corporation has a debt with market value of $100 million, common stock with a book value of $100 million, and preferred stock worth $20

MV Corporation has a debt with market value of $100 million, common stock with a book value of $100 million, and preferred stock worth $20 million outstanding. Its common equity trade at $50 per share, and the firm has 6 million shares outstanding. If the before cost of debt is 10% and the risk free rate is 2 %, cost of preferred stock is 6% and the market return is 19%, with a beta of 1.6, what is this firms WAAC?

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