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When we find the weighted average cost of capital, we need to know what percentage of financing comes from each available source. Imagine a firm
When we find the weighted average cost of capital, we need to know what percentage of financing comes from each available source. Imagine a firm that has $48,032 of preferred stock and $83,813 of common stock. The firms also has $91,962 of debt and faces a tax rate of 40%. What percentage of the firm's capital is debt? (your answer should be in percentages so 10% would be entered as 10)
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