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PFD company has debt with a yield to maturity of 5.7%, a cost of equity of 13.5%, and a cost of preferred stock of 9.7%.
PFD company has debt with a yield to maturity of 5.7%, a cost of equity of 13.5%, and a cost of preferred stock of 9.7%. The market values of its debt, preferred stock, and equity are $10.6 million, $2.6 million, and $16.7 million, respectively , and it's tax rate is 35%
what is this for months after tax WACC?
Note: assume that the firm will always be able to utilize its full interest tax shield
pfd's WACC is _____% ( round to two decimals)
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