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Targent Corporation has a target capital structure of 60 percent common stock5 percent preferred stockand 35 percent debtIts cost of common stock is 11 percentthe

Targent Corporation has a target capital structure of 60 percent common stock5 percent preferred stockand 35 percent debtIts cost of common stock is 11 percentthe cost of preferred stock is 6 percentand the pretax cost of debt is 5 percentThe relevant tax rate is 21 percentWhat is WACC?

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