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We have the following information regarding Company Done-It-All: - It has $28 million of debt, $9 million of preferred stocks, and $61 million common equity.
We have the following information regarding Company Done-It-All: - It has $28 million of debt, $9 million of preferred stocks, and $61 million common equity. - The companies currently has 30-year, 6\%, semiannual coupon bonds selling at $1,210. - The company has a beta of 1.1, the market expected return is 13.75%, and the risk-free rate is 5.65%. - The company's preferred stocks, which pay 5% of the $100 par value as interests every year, is currently selling at $50. - The company pays 35% in corporate income tax. What's the company's WACC? Note: your answer should be in the XX.XX% format, with the XX.XX part put into the answer box and the "\%" put into the unit box
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