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Question 6 2 pts Baron Corporation has a target capital structure of 6 5 percent common stock, 1 0 percent preferred stock, and 2 5

Question 6
2 pts
Baron Corporation has a target capital structure of 65 percent common stock, 10 percent preferred stock, and 25 percent debt. Its cost of equity is 12 percent, the cost of preferred stock is 6 percent, and the pretax cost of debt is 7 percent. The relevant tax rate is 24 percent. The company's weighted average cost of capital (WACC) is q, percent. (Type your answer in percent without the '%' sign and round it to the nearest two decimals.)
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