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Ninecent Corporation has a target capital structure of 7 0 percent common stock, 5 percent preferred stock, and 2 5 percent debt. Its 2 cost

Ninecent Corporation has a target capital structure of 70 percent common stock, 5 percent preferred stock, and 25 percent debt. Its
2 cost of equity is 11 percent, the cost of preferred stock is 5 percent, and the pretax cost of debt is 6 percent. The relevant tax rate is 23 percent. What is the company's WACC?
\table[[3,Input Area:,],[4,,],[6,Debt-equity ratio,0.35],[7,Cost of equity,1180],[8,Cost of debt,5%
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