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Reactive Industries has the following capital structure. Its corporate tax rate is 20%. Required Rate Security of Return Market Value $20 million Debt 4% Preferred

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Reactive Industries has the following capital structure. Its corporate tax rate is 20%. Required Rate Security of Return Market Value $20 million Debt 4% Preferred 30 million 6 Common 50 million 10 stock What is its WACC? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) WACC 9.2 % stock

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