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Rogue Drafting has debt with a market value of $450,000, preferred stock with a market value of $150,000, and common stock with a market value
Rogue Drafting has debt with a market value of $450,000, preferred stock with a market value of $150,000, and common stock with a market value of $350,000. If debt has a cost of 8%, preferred stock a cost of 10%, common stock a cost of 12%, and the firm has a tax rate of 30%, what is the WACC?
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