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You are the CFO of Pena & Co. Their stock price is $45.00 with 100,000 shares outstanding. The market value of their outstanding debt is

You are the CFO of Pena & Co. Their stock price is $45.00 with 100,000 shares outstanding. The market value of their outstanding debt is $4 million and the market value of preferred stock is $1.5 million. The after-tax cost of debt is 6.00%, the cost of preferred is 7.50%, and the cost of retained earnings is 12.75%.  What is its WACC?

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