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Question text TicToc Limited has a capital structure comprising 53% of its assets financed with debt, 15% financed with preference shares and the remaining with

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TicToc Limited has a capital structure comprising 53% of its assets financed with debt, 15% financed with preference shares and the remaining with ordinary shares. TicToc's debt is a 10 year bond that has a yield to maturity of 9.6% and the preference shares cost 10.2% per annum. If the cost of ordinary shares is17.9% and the tax rate is 30% what is TicToc's adjusted WACC?

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