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You were hired as a consultant to Giambono Company, whose target capital structure is 40% debt, 15% preferred, and 45% common equity. The after-tax cost

You were hired as a consultant to Giambono Company, whose target capital structure is 40% debt, 15% preferred, and 45% common equity. The after-tax cost of debt is 5.34 %, the cost of preferred is 8.98 %, and the cost of retained earnings is 16.09 %. The firm will not be issuing any new stock. What is its WACC?

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