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Pacifica Power Corporation has the following capital structure. Its corporate tax rate is 21%. Security Market Value Required Rate of Return Debt $ 30 million

Pacifica Power Corporation has the following capital structure. Its corporate tax rate is 21%.

Security Market Value Required Rate of Return
Debt $ 30 million 4 %
Preferred stock 30 million 6
Common stock 60 million 10

What is its WACC?

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