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What is the wacc-fisheye inc

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Fisheye Inc. is investing in a new project costing $24 million. It will raise $6 million in bonds, $4 million in preferred stock, and $14 million in retained earnings. If the after-tax cost of debt is 5%, cost of preferred stock is 10%, the cost of retained earnings is 18%, and the cost of new common stock is 24%, what is the WACC?

Reference no: EM132689576

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