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Suppose Firm C is financed using a combination of debt, common equity, and preferred equity. The firm has 2 0 , 0 0 0 publicly

Suppose Firm C is financed using a combination of debt, common equity, and preferred equity. The firm has 20,000 publicly traded bonds with a face value of $1000,5% annual coupon rate, 10-year term, and 5% YTM. Additionally, you know that the company has 1.2 M shares of common stock that currently trade at $21 per share and 100,000 preferred shares that trade at $45 per share. The cost of equity for the company is 12%, and the preferred share dividend is $4. If the tax rate for the company is 25%, what is Firm Cs WACC? (Answer as a percentage -- Ex. For .13243, put 13.243)

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