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The pretax cost of debt is 12% of the cost of preferred stock cost 14% and the cost of equity is 15%. What is the

The pretax cost of debt is 12% of the cost of preferred stock cost 14% and the cost of equity is 15%. What is the weighted average cost of capital assuming a tax rate of 40% and a target capital structure of 40% debt, 20% preferred stock and 40% equity

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