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Reactive Power Generation has the following capital structure. Its corporate tax rate is 21%. Debt Security Market Value Required Rate of Return $ 30

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Reactive Power Generation has the following capital structure. Its corporate tax rate is 21%. Debt Security Market Value Required Rate of Return $ 30 million 6% Preferred stock 30 million 8 Common stock 40 million 12 What is its WACC? Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 deci Answer is complete but not entirely WACC 9.69%

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