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Reactive Power Generation has the following capital structure. Its corporate tax rate is 2 1 % . Security Market Value Required Rate of Return Debt

Reactive Power Generation has the following capital structure. Its corporate tax rate is 21%.
Security Market Value Required Rate of Return
Debt $ 30 million 2%
Preferred stock 30 million 4
Common stock 40 million 8
What is its WACC?

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