What is mackenzies total cost of capital

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Reference no: EM133433866

Question: Mackenzie Financial Corp. has a target capital structure of 70% common stock, 5% preferred stock, and 25% debt. Its cost of equity is 11%, the cost of preferred stock is 5%, and the cost of debt is 7%. The relevant tax rate is 35%. What is Mackenzie's total cost of capital?

Reference no: EM133433866

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