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Business, 09.12.2021 04:00 nurikchan

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 6.00%, the cost of preferred stock is 7.50%, and the cost of retained earnings is 11.50%. The firm will not be issuing any new stock. What is its WACC

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