Question: 7. Given the target capital structure: 30% debt, 10% preferred, and 60% common equity. The after-tax cost of debt is 4.00%, the cost of preferred

7. Given the target capital structure: 30% debt, 10% preferred, and 60% common equity. The after-tax cost of debt is 4.00%, the cost of preferred stock is 7.50%, and the cost of retained earnings is 11.50%. What is the firms WACC?

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