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Question 13 You were hired as a consultant to Keys Company, and you were provided the following data: Target capital structure: 32% debt, 10% preferred,

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Question 13 You were hired as a consultant to Keys Company, and you were provided the following data: Target capital structure: 32% debt, 10% preferred, and SBS common equity. The after-tax cost of debt is 3.6%, the cost of preferred and the cost of retained earnings is 15%. The firm will not be issuing any So What is the firm's WACC? 11.50 9.50

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