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You were hired as a consultant to Keys Company, and you were provided with the following data: Target capital structure: 26% debt, 24% preferred, and

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You were hired as a consultant to Keys Company, and you were provided with the following data: Target capital structure: 26% debt, 24% preferred, and 50% common equity. The after-tax cost of debt is 4.2%, the cost of preferred is 6.9%, and the cost of retained earnings is 14.3%. The firm will not be issuing any new stock. What is the firm's WACC

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