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Question content area top Part 1 Pfd Company has debt with a yield to maturity of 7 . 7 % , a cost of equity

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Part 1
Pfd Company has debt with a yield to maturity of 7.7%, a cost of equity of 12.7%, and a cost of preferred stock of 9.9%. The market values of its debt, preferred stock, and equity are $ 10.3million, $ 3.1million, and $ 13.9million, respectively, and its tax rate is 35%. What is this firm's after-tax WACC?

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