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You have collected the following information about a company: Before-tax cost Source of capital Long-term debt Preferred stock Common stock 8% Market value $140,000 $50,000

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You have collected the following information about a company: Before-tax cost Source of capital Long-term debt Preferred stock Common stock 8% Market value $140,000 $50,000 $400,000 $590,000 11% 18% Total The company's total (federal plus state) marginal tax rate is 33%. Part 1 What is the weighted average cost of capital? 18 Attempt 1/5 fo 3+ decimals

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