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Reactive Power Generation has the following capital structure. Its corporate tax rate is 21%. Security Debt Preferred stock Common stock Market Value $ 20 million

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Reactive Power Generation has the following capital structure. Its corporate tax rate is 21%. Security Debt Preferred stock Common stock Market Value $ 20 million 20 million 40 million Required Rate of Return 6% 8 12 What is its WACC? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

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