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You were hired as a consultant to Giambono Company, whose market - value - determined capital structure is 4 0 % debt, 1 5 %

You were hired as a consultant to Giambono Company, whose market-value-determined capital structure is 40% debt, 15% preferred equity, and 45% common equity. The after-tax cost of debt is 6.00%, the cost of preferred equity is 7.50%, and the cost of common equity is 13.00%. What is its WACC?

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