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Suppose that MNINK Industries capital structure features 6 3 percent equity, 7 percent preferred stock, and 3 0 percent debt. Assume the before - tax

Suppose that MNINK Industries capital structure features 63 percent equity, 7 percent preferred stock, and 30 percent debt. Assume the before-tax component costs of equity, preferred stock, and debt are 11.40 percent, 9.30 percent, and 8.00 percent, respectively.

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