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XYZ is financing a project with the following: $ 4 0 0 0 debt at an after tax cost of 1 0 % , $

XYZ is financing a project with the following: $4000 debt at an after tax cost of 10%, $2000 preferred stock at cost of 12%, and $4000 common equity at a cost of 15%. What is the weighted average cost of debt?

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