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Oriole has a capital structure, based on current market values, that consists of percent debt, 4 percent preferred stockand 4 6 percent common stockIf the

Oriole has a capital structure, based on current market values, that consists of percent debt, 4 percent preferred stockand 46 percent common stockIf the returns required by investors are 10 percent, 13 percent, and 15 percent for the debt, preferred stock and common stockrespectively, what is Oriole's after-tax WACC? Assume that the firm's marginal tax rate is 28 percent. (Do not round Intermediate calculations Round answer to 1 decimal place, e.g.15.2%.)

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