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Raylan Givens Incorporated has a target capital structure of 27.00% notes payable (debt), 5.00% preferred stock, and 68.00% common stock. Currently, banks want 9.00% on

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Raylan Givens Incorporated has a target capital structure of 27.00% notes payable (debt), 5.00% preferred stock, and 68.00% common stock. Currently, banks want 9.00% on their notes, preferred stock owners would like 11.00%, while common stock holders require 13.00%. If the marginal tax rate is 35.00%, find the weighted average cost of capital for Givens. Answer Format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924)) Enter Answer Here... Submit

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