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Your firm has a tax rate of 30% and a targeted capital structure of 30% debt, 10% preferred stock, and 60% common equity. Bonds currently
Your firm has a tax rate of 30% and a targeted capital structure of 30% debt, 10% preferred stock, and 60% common equity. Bonds currently yield 6% in the marketplace, preferred stock pays a 5% dividend, and common equity costs 14%. What is the firm's WACC?
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