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Reactive Power Generation has the following capital structure. Its corporate tax rate is 21%. Security Market Value Required Rate of Return Debt $ 10 million

Reactive Power Generation has the following capital structure. Its corporate tax rate is 21%.

Security	Market Value			Required Rate of Return
Debt	$	10	million		2	%
Preferred stock		20	million		4
Common stock		50	million		8

What is its WACC?

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