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You are computing WACC for Atlas Manufacturing. The Atlas Balance Sheet shows that 40.0% of the company's financing is from debt at an after tax

You are computing WACC for Atlas Manufacturing. The Atlas Balance Sheet shows that 40.0% of the company's financing is from debt at an after tax cost of 8% and 60% is from Preferred Stock at 10.0%. What is the WACC? Please use decimals or percents in whole number form (if your answer 20%, then input 0.2 or 20).

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