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Nancy Drew, Inc. has debt with a market value of $20,000,000 preferred stock with a market value of $10,000,000, and common stock with a market

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Nancy Drew, Inc. has debt with a market value of $20,000,000 preferred stock with a market value of $10,000,000, and common stock with a market value of $500,000,000. If debt has a cost of 8.00%, preferred stock a cost of 12.00%, common stock a cost of 16.00%, and the firm has a tax rate of 30%, what is the WACC? 11.00% 10.43% 12.90% None of these

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