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Pfd Company has debt with a yield to maturity of 6 . 6 % , a cost of equity of 1 3 . 6 %

Pfd Company has debt with a yield to maturity of 6.6%, a cost of equity of 13.6%, and a cost of preferred stock of 9.9%.
The market values of its debt, preferred stock, and equity are $15.1 million, $2.8 million, and $14.9 million, respectively,
and its tax rate is 21%. What is this firm's 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 decimal places.)
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