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The characteristics of the capital sources of the Woodbridge Corporation are listed below: Source Cost Proportion Debt (yield to maturity) 10% 35% Preferred stock 12

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The characteristics of the capital sources of the Woodbridge Corporation are listed below: Source Cost Proportion Debt (yield to maturity) 10% 35% Preferred stock 12 5 Common stock 14 60 Assuming the company's tax rate is 36%, calculate the firm's weighted-average cost of capital. Show your work

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