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Business, 28.04.2021 22:40 stephen4438

Cream and Crimson Foods has a target capital structure of calling for 45.00 percent debt, 2.00 percent preferred stock, and 53.00 percent common equity (retained earnings plus common stock). Its before-tax cost of debt is 10.00 percent. The tax rate is 40.00%. Its cost of preferred stock is 12.30%. Its cost of common equity is 14.89%. Find the WACC for Cream and Crimson Foods

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