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You were hired as a consultant to Company A, whose target capital structure is 30% debt, 20% preferred, and 50% common equity. The interest rate

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You were hired as a consultant to Company A, whose target capital structure is 30% debt, 20% preferred, and 50% common equity. The interest rate on new debt is 5.7%, the yield on the preferred is 6%, the cost of retained earnings is 10.13%, and the tax rate is 49%. The firm will not be issuing any new stock. What is Company A's WACC? Answer as a

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