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please please help (Estimated time allowance: 7 minutes) Compute the WACC of the Carton Inc. Carton's debt has a market value of $400,000; its preferred

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(Estimated time allowance: 7 minutes) Compute the WACC of the Carton Inc. Carton's debt has a market value of $400,000; its preferred stock has a market value of $100,000 and its common stock has a market value of $500,000. The debt has a cost of 9%, preferred stock a cost of 13%, and common stock a cost of 17%. The firm has a tax rate of 40%. Do not use the % term. Enter your answer in digits and not in %. Use two decimals in your answer. For example, if you obtain 0.13539 then enter 13.54; if you obtain 0.0500 then enter 5.00 Your

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