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please show all work thank you TT company is computing its WACC. Its target capital structure is made up of 30% debt, 20% preferred, and
please show all work thank you
TT company is computing its WACC. Its target capital structure is made up of 30% debt, 20% preferred, and 50% common equity. Its cost of debt is 12.00%, the cost of preferred is 8.80%, and the cost of retained earnings is 16.00%. The tax rate is 40%. Calculate WACC for the company? (You must show your work to earn credit.)
please show all work thank you
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