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The following is the capital structure of your company. Debt: 1 1 , 0 0 0 bonds. 6 annual % coupon, with semiannual payments. $

The following is the capital structure of your company.
Debt: 11,000 bonds. 6 annual% coupon, with semiannual payments. $1,000 face
value. 26 years to maturity. Priced at $1,080 per bond.
Preferred stock: 19,000 shares preferred stock. Priced at $83 per share. $3.80
dividend per share.
Common Stock: 440,000 shares. Priced at $62 per share. Beta is 1.13.
Market: 7% market risk premium. 4.8% risk-free rate. Company's tax rate is 21%.
What is the company's Weighted Average Cost of Capital?
(Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.,12.34.)
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