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Test A firm's capital structure includes $6 Million in bonds, $12 Million in equity, and $2 Million in preferred stock (market values). The firm's cost

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Test A firm's capital structure includes $6 Million in bonds, $12 Million in equity, and $2 Million in preferred stock (market values). The firm's cost of equity is 30%, the cost of debt is 16% and the cost of preferred is 20%. If the firm's marginal tax rate is 50%, what is its WACC

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