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Pittsteel has the following capital structure. Its corporate tax rate is 35 percent. What is its Weighted Average Cost of Capital (WACC)? Market Value 600

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Pittsteel has the following capital structure. Its corporate tax rate is 35 percent. What is its Weighted Average Cost of Capital (WACC)? Market Value 600 Required return 15 % Security Common stock Preferred stock Debt 100 11 % 9 % 500 12.17 % 11.67% 10.62 % 10.85%

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