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The pre-tax cost of debt is 11%, the cost of preferred stock costs 14%, and the cost of equity is 19%. What is the weighted
The pre-tax cost of debt is 11%, the cost of preferred stock costs 14%, and the cost of equity is 19%. What is the weighted average cost of capital assuming a tax rate of 30% and a target capital structure of 40% debt, 20% preferred stock, and 40% equity?
Group of answer choices
13.480%
11.440%
11.680%
11.290%
10.240%
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