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You were hired to Julias Garden, whose target capital structure is 40% debt, 15% preferred, and 45% common equity. The after-tax cost of debt is

You were hired to Julias Garden, whose target capital structure is 40% debt, 15% preferred, and 45% common equity. The after-tax cost of debt is 5.00%, the cost of preferred is 8.50%, and the cost of equity is 13.00%. Julias Garden will not be issuing any new stock. What is its WACC?

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