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The Patrick Companys cost of common equity is 16%, its before-tax cost of debt is 13%, and its marginal tax rate is 35%. The stock

The Patrick Companys cost of common equity is 16%, its before-tax cost of debt is 13%, and its marginal tax rate is 35%. The stock is currently trading at $5 and 600 shares are outstanding. Using the following values from balance sheet, calculate Patricks WACC: Long-Term Debt = 2015 Common Equity = 2590 Total Assets = 4605

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