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Reactive Industries has the following capital structure. Its corporate tax rate is 40%. Required Rate of Return 4% Security Debt Preferred stock Common stock Market
Reactive Industries has the following capital structure. Its corporate tax rate is 40%. Required Rate of Return 4% Security Debt Preferred stock Common stock Market Value $30 million 30 million 60 million What is its WACC? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)
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