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What is the weighted-average cost of capital for a firm with the following sources of funds and corresponding required rates of return: $6 million common

What is the weighted-average cost of capital for a firm with the following sources of funds and corresponding required rates of return: $6 million common stock at 12%, $1 million preferred stock at 8%, and $5 million debt at 6%. All amounts are listed at market values and the firm's tax rate is 35%.

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