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Pfd company has debt with a yield to maturity of 7.0^, a cost of equity of 13.0%, and a cost of preferred stock of 9.0%.

Pfd company has debt with a yield to maturity of 7.0^, a cost of equity of 13.0%, and a cost of preferred stock of 9.0%. The market values of its debt, preferred stock, and equity are $10.0 million, &3.0 million, and $15.0 million, respectively, and its tax rate is 40%. What is the firm's WACC?

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