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Rhonda's Rackets has debt with a market value of $350,000, preferred stock with a market value of $100,000, and common stock with a market value

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Rhonda's Rackets has debt with a market value of $350,000, preferred stock with a market value of $100,000, and common stock with a market value of $950,000. If debt has a cost of 7%, preferred stock a cost of 9%, common stock a cost of 13%, and the firm has a tax rate of 30%, what is the WACC

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