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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 a cost of equity of and a cost of preferred stock of
The market values of its debt, preferred stock, and equity are $ million, $ million, and $ million, respectively,
and its tax rate is What is this firm's aftertax WACC?
Note: Assume that the firm will always be able to utilize its full interest tax shield.
Pfds WACC is
Round to two decimal places.
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