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The Higgins Company uses 25% debt, 60% equity, and 15% preferred stock. Their debt is issued at 8%, equity costs 14%, and preferred stock costs

The Higgins Company uses 25% debt, 60% equity, and 15% preferred stock. Their debt is issued at 8%, equity costs 14%, and preferred stock costs 11%. The tax rate is 20%. What is their WACC

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