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Targaryen Corporation has a target capital structure o f 6 5 percent common stock, 5 percent preferred stock, and 3 0 percent debt. Its cost

Targaryen Corporation has a target capital structure of65 percent common stock, 5 percent preferred stock, and 30 percent debt. Its cost of equity is13 percent, the cost of preferred stock is5 percent, and the pretax cost of debt is6 percent. The relevant tax rate is25 percent.
a.
What is the companys WACC?

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