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Pfd Company has debt with a yield to maturity of 5 . 5 % , a cost of equity of 1 2 . 7 %

Pfd Company has debt with a yield to maturity of 5.5%, a cost of equity of 12.7%, and a cost of preferred stock of 10.3%. The market values of its debt, preferred stock, and equity are $ 10.3million, $ 3.4million, and $ 16.9million, 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.

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