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The following information relates to the capital structure of Happy Homes Ltd. Capital Value Pre- structure (R) tax cost of capital Ordinary 150 11% share

The following information relates to the capital structure of Happy Homes Ltd. Capital Value Pre- structure (R) tax cost of capital Ordinary 150 11% share 000 capital Preference 20 17% share 000 capital Long-term 30 23% debt 000 Calculate the Weighted Average Cost of Capital (WACC) of Happy Homes Ltd, which has an average tax rate of 28%. WACC = %

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