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Western Electric has 2 7 , 0 0 0 shares of common stock outstanding at a price per share of $ 6 9 and a
Western Electric has shares of common stock outstanding at a price per share of $ and a rate of return of percent. The firm has shares of percent preferred stock outstanding at a price of $ per share. The preferred stock has a par value of $ The outstanding debt has a total face value of $ and currently sells for percent of face. The yield to maturity on the debt is percent. What is the firm's weighted average cost of capital if the tax rate is percent?
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