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Turnbull Co . is considering a project that requires an initial investment of $ 2 7 0 , 0 0 0 . The firm will
Turnbull Co is considering a project that requires an initial investment of $ The firm will raise the $ in capital by issuing $ of debt at a beforetax cost of $ of preferred stock at a cost of and $ of equity at a cost of The firm faces a tax rate of What will be the WACC for this project? Note: Round your intermediate calculations to three decimal places.
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