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Suppose a company has total long-term capital of $489,000; of which, $150,000 is long-term debt, $54,000 is preferred stock and the rest is common equity.What
Suppose a company has total long-term capital of $489,000; of which, $150,000 is long-term debt, $54,000 is preferred stock and the rest is common equity.What is the WACC if cost of debt is 6%, cost of preferred stock is 8% and cost of equity is 11%.Tax rate = 20%.
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