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You were recently hired to calculate a firm's WACC. The firm's captal structure is 40% debt, 45% common stock, and 15% preferred stock, The AFTER-tax

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You were recently hired to calculate a firm's WACC. The firm's captal structure is 40% debt, 45% common stock, and 15% preferred stock, The AFTER-tax cost of debt is 3.0\%, the cost of preferred stock is 6.8%, and the cost of retained earnings is 10.6%. What is the firm's WACC? Enter your answer as o decimal with four places of precision

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