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Problem 1 1 - 1 1 Spreadsheet Problem: WACC Weights ( LG 1 1 - 4 ) BetterPie Industries has 6 million shares of common

Problem 11-11 Spreadsheet Problem: WACC Weights (LG11-4)
BetterPie Industries has 6 million shares of common stock outstanding, 4 million shares of preferred stock outstanding, and 15,000 bonds. Assume the common shares are selling for $45 per share, the preferred shares are selling for $22.50 per share, and the bonds are selling for 98 percent of par.
What would be the weights used in the calculation of BetterPie's WACC?
Note: Do not round intermediate calculations. Round your answers to 2 decimal places.
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