Capital structure-what is its WACC

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Reference no: EM131187922

Reactive Industries has the following capital structure. Its corporate tax rate is 30%

Security Market Value Required Rate of Return

debt $10 million 6%

preferred stock 30 million 8%

common stock 60 million 12%

what is its WACC? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places)

WACC ______________%

Reference no: EM131187922

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