Question: solve w work please 7. Star Corporation has a target capital structure of 30 pereent common stock, 10% preferred stock, and 60% debt. Its cost

solve w work please

7. Star Corporation has a target capital structure of 30 pereent common stock, 10% preferred stock, and 60% debt. Its cost of equity is 14%, the cost of preferred stock is 8.0%, and the pre-tax cost of debt is 7.0%. What is the firm's WACC given a tax rate of 35% ? [HINT: Remember that WACC uses after-tax cost of debt.]

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