What is the weighted average cost of capital for company

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Problem 1: The company finances 30% of its assets with debt, 10% with preferred equity, and the rest with common equity. The cost of debt is 7%; the cost of preferred is 13%, and the cost of common equity is 14%. The tax rate is 20%. What is the weighted average cost of capital (WACC) for the company?

Reference no: EM132946174

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